Section 495.  Procedure in case of insolvency or death of surety or when a bond is forfeited.

When any surety to a bond under this Sanhita becomes insolvent or dies, or
when any bond is forfeited under the provisions of section 493, the Court by whose order
such bond was taken, or a Magistrate of the first class may order the person from whom
such security was demanded to furnish fresh securities in accordance with the directions of
the original order, and if such security is not furnished, such Court or Magistrate may
proceed as if there had been a default in complying with such original order.