# LCMS Convention Proceedings_St. Louis Missouri_1950_S947
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

SEMINARIES AND COLLEGES 249

 facluded in the “Building for Tomorrow” effort were deferred or
reanceled; therefore be it

) : Resolved, That the sums necessary for the completion of this
rogram be made available for immediate allocation for these

“BUILDING FOR TOMORROW”
‘ As to the completion of the “Building for Tomorrow Collec-
tion,” Committee 11 brought in the following recommendation,

which was adopted: Resolution 2

»~ : Overture 148, Section “C,” p. 247, asking for an enabling 1 reso-
lution empowering the Board of Directors of Synod to complete
the urgently required work, formerly scheduled as part of the
Building for Tomorrow” program, was referred to your Committee.

Your Committee recommends the following: ,
.Wuereas, The Board for Higher Education has very urgent
B...work to be done in our colleges and seminaries; and
“~' Wuerseas, This work was previously approved and was to be
aid for out of the “Building for Tomorrow” effort; and
_'  Wuereas, At least $500,000 were needed in order to complete
sthis work; and
. ' Wuersas, These $500,000 were not made available through the
: “Building for Tomorrow” offering; and .
~  Wuereas, The cost of building and construction has risen
considerably and may rise still more before these plans can be
_tarried out; therefore be it

Resolved, That the Board of Directors be empowered to
borrow up to $750,000 to carry out the provisions of the “Building
for Tomorrow” program; and be it further
Resolved, That By-Laws 2.79i be suspended in this instance
E in order to carry out these provisions; and be it further
‘3 Resolved, That the first receipts of any educational collection
; during the next triennium be assigned for repayment of this sum,

: Section D. A Proposed Schedule for Reorganization,
: Fund-Raising, and the Establishment
of a Senior College

The Board for Higher Education is profoundly convinced that
, our Church is face to face with a genuine crisis in its program of
; ministerial and teacher training.

; During the past two decades we have permitted a mounting
. accumulation of unmet needs. We are faced today, therefore, with
: a combination of this accumulated financial backlog, with the