(1) If either party conceive himself aggrieved by the judgment of the court, he may file an appeal within seven (7) days next after the finding a foresaid, and shall deposit with the circuit court clerk the amount of rent owing and due from the onset of the forcible entry and detainer proceedings as well as the amount of all future rents, as it becomes owing and due in each succeeding month during t he pendency of the appeal. The rental moneys collected in this account shall be distributed by court order at the conclusion of an appeal. (2) Upon the aggrieved party perfecting his appeal by the payment of moneys into court pursuant to subsection (1) of this section the court shall stay all further proceedings on the inquisition, and return the whole of the papers and proceedings, or a fair transcript thereof, to the office of the circuit court of said county, within ten (10) days thereafter.
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