# LCMS Convention Workbook_St. Louis Missouri_1981_S91
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

TASK FORCE

Board of Directors and officers and other executives
of Concordia Publishing House shall not enter into
gainful business contracts or transactions with
Concordia Publishing House.

11.15 Seal

The corporate seal of the corporation shall be a
circular seal with the name of the corporation and St.
Louis, Missouri, around the border and the word
“Incorporated” in the center.

11.17 Bonds or Mortgages

No bond of the corporation nor any mortgage on
any of the property of this corporation shall be
created or issued without the written consent of the
President of the Synod.

11.19 Credit Policy

The Board of Directors shall have sole power and
authority to establish the credit policy of the cor-
poration. Amounts to be written off at the close of the
fiscal year are to be approved by the Board of
Directors.

11.21 Fiscal Year

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

11.23 Surplus Funds

Surplus funds, when not needed in the operation of
the publishing house, may be ordered paid to the
Synod by the corporation’s 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 the 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 corpora-
tion; but these shall be used wholly and solely for the
exclusive use and behoof of The Lutheran Church—
Missouri Synod.

11.25 Miscellaneous

b. The Board of Directors shall be represented at
the biennial convention of the Synod by three (3) of its
members. A written report of the financial condition
and operation of the business of the corporation for
the previous 2-year period shall be submitted to the
convention.

c. A copy of The Lutheran Witness shall be sent
free of charge to all retired pastors, professors, and
teachers in the Synod.

d. Concordia Publishing House shall provide a
sufficient number of copies of the periodicals pub-
lished by the Synod for the reading rooms of the
Synod’s educational institutions. The presidents of
the institutions shall determine the kind and number
of such publications required.

e. Concordia Publishing House shall supply the
Secretary of the Synod with two copies of each
Statistical Yearbook and of all Proceedings printed
by it of the Synod and of the several Districts for
deposit in the Synod’s archives. In addition, it shall
deposit one copy each of the Statistical Yearbook and
the Synod’s Proceedings in the archives of the Dis-
tricts and the libraries of the synodical colleges and
seminaries.

f. Concordia Publishing House shall, at the ex-
pense of the Synod, mail a copy of the Statistical
Yearbook to every member congregation. Copies
other than the aforementioned shall be made avail-
able for sale at cost.*

g. Concordia Publishing House shall not send to

91

c. Surplus funds, when not needed in the operation
of the publishing house, shall be paid to the Synod
according to a formula agreed upon by the boards of
directors of Concordia Publishing House and of the
Synod.

d. The Board of Directors shall be represented at
the conventions of the Synod by its president and one
board member. A written report of the financial
condition and operation of the corporation for the
previous three-year period shall be submitted to the
convention.