Greg shall give a receipt for all monies received from the Financial Secretary. The monies received must be deposited in such bank as the Local Union Trustees may direct for the several funds provided for in the Constitution and such other funds as the Local Union may set up in the name and number of the Local Union. Greg shall sign all checks, which must be countersigned by the President.  Greg is responsible for reporting in writing every month at a regular meeting of the Local Union the total receipts and total expenditures for the Local Union for the previous month and the amount of money still on deposit. He shall deliver to his successor all monies and other property of the Local Union. He shall (on demand of the International Union or Trustees of the Local Union) produce his books for examination and audit.