# LCMS Convention Proceedings_St. Louis Missouri_1944_S806
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

PROPOSED SYNODICAL HANDBOOK

651. Limit of Loans
The ‘unpaid balance of the loan or loans for one
congregation or mission station shall not, without the
consent of the Board of Directors, at any one time
exceed $10,000 in the aggregate.

653. Repayment of Loans
Repayment of no less than ten per cent of the loan
per annum shall be required, but the Church Extension
Board shall be permitted to make exceptions by oper-
ating with a graduated scale.

655. Administration Fee

An administration fee shall be charged at the rate
of one per cent per annum on the unpaid balance,
payable annually on the anniversary of the loan.

657. Notes for Loans
The borrowing District shall give its notes, signed

by its corporate officers, as security for loans.
S. H. 112 ff. ‘

FINANCES
FISCAL CONFERENCE
701. Composition of the Fiscal Conference
The Fiscal Conference shall be composed of the
President, the Vice-Presidents, the members of Synod’s

Board of Directors, the District Presidents, and one
fiscal officer from each District. ‘

708. Duties of the Fiscal Conference

The Fiscal Conference shall meet annually at the
call of its chairman to:

a. review and discuss the financial situation of
Synod;

b. fix the synodical budget;

c. devise ways and means to raise the budget;

d. suggest improvements in the financial situation
of Synod;

e. help the various Districts solve their financial
problems. | . ;

705. Expenses of the Fiscal Conference
The expenses of the meetings of the Fiscal Con-
ference shall be paid by Synod.
S. H. 104 ‘

BOARD OF TRUSTEES OF SYNOD’S
TRUST FUNDS

707. Membership of the Board of Trustees
of Synod’s Trust Funds

The Board of Trustees of Synod’s Trust Funds shall
consist of the President or one of the Vice-Presidents
of Synod —-to be chosen by the Board of Directors —
the Treasurer of Synod, and five (5) members to be
appointed by the Board of Directors from the laity
of Synod.

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