# LCMS Convention Proceedings_St. Louis Missouri_1947_S440
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

assembled, the Board is authorized to take these special circum-
stances into consideration and may approve a graduated repayment
schedule extending over a period up to fifteen years,

3. In the event of default on.a quarter-annual payment no
further loan shall be granted until the sum past due has been paid,

General Rules

1. Efficient management of the missionary program shall be
required of every District before a loan is granted, and where
there is lack of efficient management or missionary policy, there
must be a willingness to accept guidance from the Board.

2. The borrowing District, synodical Board, or Synodical Con-
ference, shall give its note or notes, signed by its legal officers, as
Security for the loans.

3. Districts having loans shall make available monthly financial
reports to the Church Extension Fund authorities,

4. The accounts of the Districts having loans from the Church
Extension Fund shall be audited by Synod’s auditor when that
is deemed desirable by the Board for Home Missions.

Commrrrze ror THE COLLEGE oF Presents

O. A. Sauer H. J. Ripre
R. G. Heyng, Secretary
ACTION

Concerning these memorials Committee 6 reported:
In re Memorials 507 and 527, which deal with the Church

study and that these memorials be integrated with the plan pro-
posed in Memorial 504, dealing with co-ordination of Synod’s Work.

Synod adopted this resolution with the amendment that the
matter be referred to a committee to be appointed by the
Praesidium,

Regional Vice-Presidents
(Memorial 505)

Wuergas, In the counsels of the Honorable President of Synod
and his College of Vice-Presidents, also in the counsels of the
entire Praesidium and Synod’s general boards, a best over-all pic-
ture of the synodical status would be possible as regards the various
and varying circumstances involved in Synod’s wide and widening
endeavors in missionary and educational, economic and financial
respects; and

Wnrersas, The particular regional interests and special problems