# LCMS Convention Proceedings_St. Louis Missouri_1947_S624
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

624 FINANCIAL MATTERS

arrangement to be of great advantage in prosecuting the work
of the Kingdom; therefore be it

Resolved, That Synod create a loan fund in the amount of
several million dollars by receiving loans from individuals and
organizations within our Church; and be it further

Resolved, That Districts and congregations have access to this
fund; and be it further

Resolved, That a special committee be appointed by Synod’s
Board of Directors to create, further, and Supervise a loan fund.

THE FINANCE AND STEWarDsHIP CoMMITTEE OF THE
CALIFORNIA AND Nevapa District

Committee 11 brought in the following resolution:

Wuereas, Present Church Extension Funds are inadequate
for the missionary expansion program of Synod and Districts; and

Wuereas, The establishment of a synodical Building and Loan
Department or any substitute plan would involve many intricate
problems; therefore be it

Resolved, That we refer this matter to the Board of Directors
for further study, together with a representative advisory com-
mittee selected by said Board; and be it furthermore

Resolved, That the Board of Directors be empowered to act

if and when feasible.
ACTION

Synod adopted these resolutions.