# LCMS Convention Proceedings_St. Louis Missouri_1944_S820
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

PROPOSED SYNODICAL HANDBOOK

time to time, by resolution, adopted by the Board of
Directors, in the management of the business and
affairs of the corporation. The Board of Directors
shall have power at any time to fill vacancies in, to
change the membership of, or to dissolve any such

committee.
811. Fiscal Year

The fiscal year of this corporation shall begin on
the first day of May in each year.

813. Surplus Funds

Surplus funds when not needed in the operation
of this association may be ordered paid to the said
Synod by the Board of Directors at any regular or
special meeting.

Such surplus funds, income, increase, issues, rents,
or accruals of every kind and nature whatsoever, and
any and all of the property of this corporation shall
in no wise, or in any manner, inure to, or be used
for the benefit of any private person or persons, or
any officer, director, employee or agent of this corpo.
ration; but the same shall be used. wholly and solely
for the exclusive use and behoof of the Evangelical
Lutheran Synod of Missouri, Ohio, and Other States.

815. Bond of Officers

The Board of Directors may, by resolution, require
any and all officers and employees of this corporation
to give bond to this corporation with sufficient sureties,
conditioned for the faithful performance of the duties
of their respective offices and such other conditions
as may, from time to time, be required by the Board
of Directors.

817. Bonds or Mortgages

No bond of this corporation, nor any mortgage
upon any of the property of this corporation, shall be
created or issued without ‘the consent, in writing, of
the President of Synod.

819. Credit Policy

The Board of Directors shall have sole power and |

authority to dictate the credit policy of this corpo-
ration. This authority shall include the power to
designate the persons to whom credit should or should
not be extended, the amount of such credit, and the
terms of payment. In the event of failure or refusal
of pastors, teachers, congregations, or any other person
or organization to pay such indebtedness incurred,
the Board of Directors shall report such delinquencies
to the respective District Presidents for necessary
action in accordance with Christian principles and
practice.
821. Miscellaneous

A. The Board of Directors shall determine what
shall be published by this corporation, unless other-
wise instructed by Synod. All manuscripts of a re-
Hgious or theological nature shall first have the ap-
proval of the faculty of Concordia Seminary at
St. Louis, Missouri, before .publication.

B. The Board of Directors shall. be represented at

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