# LCMS Convention Proceedings_St. Louis Missouri_1944_S809
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

PROPOSED SYNODICAL HANDBOOK

709. Term of Lay Members of the Board of Trustees
of Synod’s Trust Funds :

The five (5) lay members of the Board of Trustees

711. Vacancies on the Board of Trustees
of Synod’s Trust Funds

Vacancies occurring in the lay membership of the
Board of Trustees of Synod’s Trust Funds shall be filled
by the Board of Directors.

715. Duties and Powers of the Board of Trustees
of Synod’s Trust Funds

A. The Board of Trustees of Synod’s Trust Funds
shall manage, conserve, and be responsible for all
legacies, bequests, devises, endowments, foundations,
annuity gifts, and all other trust funds of Synod and of
Synod’s institutions and activities. It shal] have power
to buy, sell, invest in, and reinvest in, securities in
accord with rules to be adopted under Paragraph 719
of these regulations,

B. The Board shall also look after Synod’s interests

‘in matters of estates in process of administration until

final distribution has been made.

717. Executive Committees of the Board of Trustees
of Synod’s Trust Funds

The Board of Trustees of Synod’s Trust Funds shall

be authorized to appoint such executive committees

from its own membership as it may find necessary for

e actions of such committees as well as for its own
actions.

719, Rules and Regulations of the Board of Trustees
of Synod’s Trust Funds

The Board of Trustees of Synod’s Trust Funds shall
draft its own Tules to govern its actions within the
scope defined in paragraph 715 above. However, such
rules shall not become effective or operative until they
have been approved by the Board of Directors,

S. H. 105. D, Proc., 1938, 273 ff,

LUTHERAN LAYMEN’S LEAGUE
ENDOWMENT FUND
721, The Covenant

As this fund has been collected with the promise
that it is to be a Permanent fund, known as an Endow-

to care for our Veterans of the Cross, viz, our inca-
Pacitated pastors, Professors, teachers, and the widows
and orphans of deceased pastors, professors, and
teachers, the ‘Lutheran ‘Laymen’s League is bound to
turn it over to the Synod under these two unalterable
conditions, viz,; :