* § 27. Bond. Before a license shall be granted to a person or
corporation to conduct a boxing or sparring match or exhibition, the
applicant shall execute and file with the comptroller a bond in an
amount to be determined by the commission, to be approved as to form and
sufficiency of sureties thereon by the comptroller, conditioned for the
faithful performance by said corporation of the provisions of this act
and the rules and regulations of the commission, and upon the filing and
approval of said bond the comptroller shall issue to said applicant a
certificate of such filing and approval, which shall be by said
applicant filed in the office of the commission with its application for
license, and no such license shall be issued until such certificate
shall be filed. In case of default in such performance, the commission
may impose upon the delinquent a penalty in the sum of not more than one
thousand dollars for each offense, which may be recovered by the
attorney-general in the name of the people of the state of New York in
the same manner as other penalties are recovered by law; any amount so
recovered shall be paid into the treasury.

* NB Repealed September 1, 2016