# LCMS Convention Proceedings_St. Louis Missouri_1950_S1228
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

740 FINANCIAL MATTERS

ACTION
Committee 11 submitted the following resolution, which wag

adopted:
Resolution 19
Your Committee wishes to re it j
; é port that it is necessary t
Resolution 3 and to substitute for it Resolution 19, which follon
; WHEREAS, The President of Synod appointed a survey eo .
muttece in sccordance with instructions of Synod in 1947 to study
e advisability of engaging a full-ti i y
social welfare; ag g time executive Secretary for
WuHereas, The findings of this c i
7 ommittee result i
recommendation that the office of full-time Executive § reine
be established; and monetary

Wuereas, The President and the B i
endorsed these findings; and © Board of Directors of Synod
WHEREAS, The necessary funds were n i
11 ot availabl
Synod’s provisions of 1947; therefore be it amanee “2 carry out
Resolved, That this convention create th
* 7 D
Social Welfare with an Executive Secretary; and be it furthers
: Resolved, That the sum of $16,500 be placed into the budget
or the establishment of this department, and that thereafter
adequate budget appropriation be made annually by the Fiscal
Conference for the maintenance of this office; and be it furthermore
Resolved, That the President of Synod in consultation with the
four Vice-Presidents appoint a board of five men to serve as the
Synodical Board for Social Welfare, of which at least two are to
be members of the Board of Directors of the Associated Luther.
Charities; and be it furthermore ™
Resolved, That the Board of Directors of S i j
. yno i
with the Board for Social Welfare, be cuthoweet ie raft the
necessary regulations for the Board for Social Welfare and its
Executive Secretary; and be it furthermore
Resolved, That the office for the Social Welf,
‘ Department be
established in th i ilding in StI ie
’ ed in the Synodical Office Building in St. Louis; and be it
Resolved, That this Board for Social Welf.
, ‘are shal i
Executive Secretary and supervise his work. © Shaul appoint the

Synodical Building and Loan Fund
(Memorial 801, Par. 6)

Action on this : ;
Memorial 802 matter is recorded under the following report,

Norte. — Memorial 801, 6, was supplemented by Memorial 802.

Cance] |

FINANCIAL MATTERS 741
Zeport on Proposal re Synodical Building and Loan
Department

(Memorial 802)

Proceedings, Pages 623—624 of the Fortieth Regular Convention,

“ Held in 1947) ,

@°Complying with the resolutions offered by Committee 11, the
‘Wisrd of Directors gave further study to the proposal to establish
gesynodical Building and Loan Department to augment present
‘Church Extension funds, and appointed Messrs. A. T. Wilson, Mr.
George Schudlich, Mr. Henry Buck, Mr. R. C. Obermann, and Mr.
Oscar Doerr to advise them. At a meeting held September 16, 1949,
the Committee, together with Mr. A. W. Huge, Pastor H. A. Mayer,
and Dr. F. C. Streufert as advisory members, met to consider the
proposal and its implication. (Mr. Oscar Doerr was unfortunately
detained from attending the meeting.)

After a careful study of the regulations governing Synod’s
Church Extension Board and its established policies as well as the
present financial status of the Church Extension Fund, both on
the synodical and District level, the following opinion was ren-
dered:
-"~ |. Waereas, A complicated machinery would be required and
many legal difficulties would have to be overcome if a department
of Synod would be created to borrow and loan money for building
purposes to Districts or congregations; and

Wuereas, The experience of the synodical Church Extension
Board has proved that the District boards can more economically
and more efficiently exercise the necessary control over the con-
gregations applying for loans, counsel them on the amount of the
loan needed, advise on the building program, and make the col-
lections of interest and capital repayments; therefore be it

Resolved, That we do not consider the organization of a synod-
ical building and loan association or department.

II. Wuereas, However, there is a crying need for larger sums
of money for the erection of churches, schools, parish houses, par-
sonages, and teacherages, in spite of the determined and conse-
crated efforts of self-help on the part of the individual Districts; and

Wuereas, Some of the congregations and their Districts have
practically exhausted all available resources; and

Wuereas, The funds of Synod’s Church Extension Fund ar
at a very low ebb; therefore be it .

Resolved,
1. That the Board of Directors of Synod be empowered to