The bond provided for in Section 229 of this Article may be made, executed and filed in accordance with and subject to the requirements, terms and conditions in this Article prescribed for such bond, after the expiration of the time, as therein provided for, within which to make, execute and file such bond, if the contractor to whom an assessment, payable in installments, has been issued, or his assignee, or other owner of such assessment, shall consent to the making, executing and filing of such bond after such expiration of time, and such consent shall be expressed on the back or margin of such bond.