# LCMS Convention Proceedings_St. Louis Missouri_1950_S610
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

610 FINANCIAL MATTERS

[810] :
Discontinue Special Drives to Raise Funds
for Building Purposes

Wuereas, The members of Christ Lutheran Church of Wash-
ington, D.C., recognize the obligation of each member congrega-
tion of The Lutheran Church — Missouri Synod to properly sup-
port the Synod in a well-balanced building program; and

WuErEAS, The members of Christ Lutheran Church of Wash-
ington, D.C., are of the opinion that the present synodical prac-
tice of conducting sporadic special drives to raise funds for, such
purposes is wasteful and inefficient; and

Wuereas, The members of Christ Lutheran Church of Wash-
ington, D.C., are of the opinion that any synodical building pro-
gram should be projected over a period of years according to a
well conceived plan; now, therefore,

The members of Christ Lutheran Church of Washington, D.C.,
memorialize The Lutheran Church — Missouri Synod at its 1950
synodical convention at Milwaukee, Wis., to discontinue special
drives to raise funds for building purposes, and that each member
congregation be requested to include in its annual dues such
amounts as Snyod may deem necessary to carry on a long-range

building (Program. Curist LUTHERAN CHURCH

Washington, D. C.

[811] :
Switch Endowments from Secular Securities to Church
Extension Funds

Wuereas, The Pastoral Conference of Circuit M of the Central
District has discussed the question of having Synod switch its in-
vestments of both permanent and endowment funds from purely
secular securities to Church Extension funds; and

Wuereas, We are not unmindful of the difficulties involved in
such an undertaking, but in view of the crying needs caused by the
compelling opportunities of these days, we feel that the subject is
worth a thorough study in all of its ramifications; and

Wuereas, We trust that such a study will result in the release
of some millions of dollars for investment in the securities that
directly advance the work of the Church, but which moneys are
now tied up in low-income secular securities; and

Wuereas, We are confident that such a switch could be made
without added risk to principal and with some assurance of gain
as to income; therefore be it

FINANCIAL MATTERS 611

Resolved, Unanimously, that the above conference respectfully
petition the convention of Synod, assembled in Milwaukee, Wis.,
in June, 1950, to give thorough consideration to this problem of
switching its investments of both permanent and endowment funds
from purely secular securities to Church Extension funds.

Circuit M PastoraL CoNnFERENCE
OF THE CENTRAL DistRICT
Epwarp W. KornHneke, Secretary
4001 Central Ave., East Gary, Ind. ;

[812] ;
Board of Trustees Seek Investments in Safe Church

Property

Wuereas, The Atlantic District of The Lutheran Church — Mis-
souri Synod, assembled in convention at Bronxville, N. Y., June 27
to 30, 1949, resolved that Synod be memorialized to encourage
the Investment Committee to seek safe investments which will yield
larger interest earnings; for instance, investments in safe church
property; therefore

We respectfully memorialize the honorable Synod assembled
at Milwaukee, Wis., June 21—30, 1950, to encourage the Investment
Committee to seek safe investments which will yield larger
interest earnings; for instance, investments in safe church property.

THe ATLANTIC District
Cari M. Zorn, Secretary

[813]
General Church Extension Funds
for Negro Congregations

Wuereas, There has been a change in the status of Negro work
so that it now comes under the supervision and direction of several
of the Districts of Synod; therefore

The Southeastern District of The Lutheran Church — Missouri
Synod does herewith memorialize Synod to make it possible for
the General Church Extension Board to loan money through the
Districts for the building of necessary chapels and churches for
Negro congregations in their Districts; and be it known that it will
be the policy of the Southeastern District to make loans for the
same purpose out of its own Church Extension Fund.

Tue Sovurneastern Drstrict
Enear C. Raxow, Secretary