Common use of Funds on Deposit Clause in Contracts

Funds on Deposit. The CITY shall have the power at all times to determine and designate the character and amount of the funds which will be deposited in the BANK. CITY deposits shall never be the subject of any garnishment or attachment, and BANK shall not recognize any attempt to garnish or attach same or be a party to any action.

Funds on Deposit. The CITY shall have the power at all times to determine and designate the character and amount of the funds which will be deposited in the BANKBANK at all times. CITY deposits shall never be the subject of any garnishment or attachment, and BANK shall not recognize any attempt to garnish or attach same or be a party to any action.