The court may, on the hearing, and before the issuing of the writ, require of the party applying for the writ a bond, with sufficient surety, in such sum as the court shall prescribe, to make good to the party whose interest may be affected by the writ all loss and damage which he or she may suffer by reason of the issuing of the writ, if the court, in its discretion, judges that the circumstances of the case or the rights of the parties require a bond to be given.