(1) Any person who sends or accepts, either by word or letter, any challenge to fight for money, or engages in any prize fight, shall be liable to a penalty of 500 dollars, or to imprisonment, for any period not exceeding 3 months, or both.
(2) The Court before whom any person is found guilty of an offence against this section may, if he thinks fit, in addition to imposing a penalty, also require that person to find sureties for keeping the peace.