The paymaster is the treasurer of the company and shall be the custodian of all monies that the company may possess. These monies shall be deposited in a responsible bank. His duties shall be to:

1. 1.receive all dues and other funds payable to the company.
   

2. 2.pay such bills as are approved for payment by the company.
   

3. 3.maintain such records as are necessary for the proper accounting of the above.
   

4. 4.secure the payment of all dues and advances outstanding.
   

5. 5.be in a position to provide a financial report at any meeting of the company.
   

6. 6.at the first meeting of each year, provide a formal financial report covering all transactions of the prior year, and request a formal audit of the records at this time.
   

7. 7.have available at any company function the means to pay out company money.
   

8. 8.have available at regular meetings and practice sessions the accounts receivable of the company.
   

9. 9.counsel the company on all matters pertaining to its financial status.
   

10. 10.make known to the commander the name of any member of the company whose debts to the unit are in excess of $15, and issue formal request for payment to any such member and immediately refuse credit unless instructed otherwise by a majority of the company.