(a) The amount of appearance bonds shall be set by the Municipal Judge or the ranking police official on duty at the time. It is conditioned on the defendant’s appearance before the Municipal Court at a stated time and place.
(b) Appeal bonds in all cases shall be set by the Municipal Judge and are conditioned that if the circuit court finds against the defendant, he shall promptly pay all costs of the trial and of the appeal. The forms of appearance and appeal bonds shall be made either by:
(1) Cash deposits;
(2) Any corporate surety company authorized to do business in this State;
(3) Two private individuals who individually own real property within Tyler or Wetzel Counties.
No other type of bond is acceptable.