# LCMS Convention Proceedings_St. Louis Missouri_1944_S819
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

234

PROPOSED SYNODICAL HANDBOOK

791, Earnings of Annuity Funds
The earnings of annuity funds shall be credited
annually pro rata to the annuity agreement accounts.
793. Disposal of Residuum on Death of Annuitant

At the termination of an annuity agreement by the
death of the annuitant or the surviving annuitant, the
residuum shall be used in accordance with the stipu-
lations of the respective annuity agreement.

S. H. 125f. °

PUBLICATION
CONCORDIA PUBLISHING HOUSE
THE BOARD OF DIRECTORS
801. Directors

A. Number.— The Board of Directors of Concordia
Publishing House shall consist of seven (7) members,
one of whom shall be an ordained minister of the
Gospel, one a parochial school teacher, and the re-

' Maining five (5) laymen.

The Treasurer of Synod shall also be a member
of the Board of Directors.

B. Vacancies. — Vacancies occurring in the said
Board of Directors by resignation, death, or otherwise,
between regular meetings of Synod, shall be filled by
the remaining members of the Board of Directors of
the Concordia Publishing House, by and with the
consent of the President of Synod.

C. Meetings of Directors. — Regular meetings of the
Board of Directors shall be held on the fourth Thurs-
day in each month, at the office of the company, or at
such other time and place as the Board of Directors
shall by resolution adopt.

Special meetings may be called by the President,
the General Manager, or any two (2) Directors, by
giving two (2) days’ notice to each Director. A ma-
jority of the Directors shall constitute a quorum; but
if at any meeting of the Board there be less than
@ quorum present, a majority of those present may
adjourn the meeting from time to time. Unless other-
wise indicated in the notice thereof, any and all busi-
ness may be transacted at a special meeting. At any
meeting at which every Director shall be present,
even though without notice, any business may be
transacted.

The annual meeting of the Board of Directors, for
the election of officers, and the transaction of such
other business as may come before the meeting, shall
be held on the fourth Thursday in June, at eight
o’clock P.M., at the office of the company.

D. Power of Board of Directors. —The Board of
Directors shall have control of the business and affairs
of this corporation, and shall exercise all the powers
that may be exercised or performed by the corporation
under the Statutes of the State of Missouri, the Articles
of Agreement, and these By-Laws.