# LCMS Convention Proceedings_St. Louis Missouri_1944_S879
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

294 FINANCIAL MATTERS

-A. D. 1941, said corporation having been chartered for a period of .
‘fifty years; and
“Wuereas, The Evangelical Lutheran Synod of Missouri, Ohio,
and Other States in convention assembled at Fort “Wayne, Indiana,
from June 18 to June 27, 1941, did authorize and empower its Board -
“of Directors to procure a new charter for said Concordia Publishing
-House, which said charter was to be approved by this Board; and ~
“WuerEas, This Board did approve a form of charter at its
smeeting held this day in the city of St. Louis, Missouri; and
“Wuereas, Said Synod at its convention further resolved that |
‘if and when said new corporation, Concordia Publishing House,
‘was organized, that this Board direct the last Board of Directors,
‘they being the liquidating trustees of said Concordia Publishing
House, whose charter had expired by limitations, to transfer over
‘to said new corporation all of the assets, real and personal, of said
‘corporation whose charter expired; now, therefore, be it
“Resolved, That all of the property and assets of the former
‘corporation known as Concordia Publishing House, real and per-
‘sonal, corporeal and incorporeal, subject to all of its debts and
liabilities, including taxes and insurance, and all other obligations
of every kind and nature whatsoever, be transferred, conveyed, and
‘set over to the new corporation as and when formed; and that the
Board of Directors of the former corporation, as liquidating trustees
under the laws of the State of Missouri, be and are hereby author-
ized and directed for the purpose of carrying out said transfer, to
execute all deeds, conveyances, assignments, transfers, and docu-
ments of every kind, which may be required in order to carry into
effect this resolution of transfer hereby authorized.”
In the August meeting Dr. Seuel reported that the reorganiza-
tion of Concordia Publishing House had been effected and a per-
petual charter had been granted. .

8. The budget was inaugurated annually and set up by the
Fiscal Conference. The report of the Treasurer shows that by
the grace of God the necessary funds to meet the requirements: of
the budget were willingly contributed by our people. No debts
were made. The larger part of the surplus was set aside from time
to time as a “Postwar Fund.”

9. The last Synod appropriated approximately $50,000.00, sub-
ject to the final approval of the Fiscal Conference, to provide suit-
able offices for various departments of. Synod, most of which are -
now housed in Concordia Publishing House. That a number of
efforts made to carry out this resolution were unsuccessful ‘can’

be easily understood when we consider how the abnormal times .»: