(2) If any person so arrested and imprisoned, gives to the sheriff good and sufficient bail for his or her appearance at the next criminal sitting of the Court to abide the decision of the Court, or when called upon to appear, and also for the payment of such forfeited recognizance or a sum of money in lieu or satisfaction thereof, together with such costs as may be awarded by the Court, then it shall be lawful for the sheriff, forthwith to discharge the person from custody.