e agency shall file with the Administrator a bond to be approved by it, in which the agency shall be the obligor, in the sum of Five Thousand Dollars ($5,000.00), with one or more sureties, whose liability as sureties need not exceed that sum in the aggregate. The bonds shall run to the Territory for the use of the Territory and of any person or persons who may have a course of action against the obligor in the bond under the provisions of this Chapter, and shall be conditioned that the obligor will faithfully conform to and abide by the provisions of this Chapter and will pay to any such person or persons any and all moneys that may become due or owing to such person or persons from the obligor under and by virtue of the provisions of this Chapter.