§ 93. Bond. Before granting any such license, the commissioners shall require the applicant to furnish a bond to the people of this state, with two sureties to be approved by such commissioners or a majority of them, in a penalty not exceeding five hundred dollars. Such bond shall be conditioned upon the diligent and faithful performance by such pilot of his duties, and upon his obedience to the rules, regulations and decisions of the commissioners of pilots. Every such bond shall be prosecuted in the name of the people of the state of New York, by or in behalf of the commissioners, provided a majority of them shall so instruct, and if any amount be collected in such suit it shall be paid to the commissioners, who may thereupon direct the same to be applied for the purposes specified in subdivision two of section ninety-seven of this article.