Security by employer

When the employer in a contract of service relating to employment in another territory does not reside or carry on business within Belize and in any other case where the officer attesting the contract, whether it relates to employment in another country or not, considers it desirable, the employer or 59 his agent shall give security by bond in the form prescribed or to the like effect with one or more sureties to be approved of by the officer attesting the contract, conditioned for the due performance of the contract, in such sums as such officer may consider reasonable.