# LCMS Convention Proceedings_St. Louis Missouri_1950_S1253
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

774 FINANCIAL MATTERS

ACTION
‘Synod adopted the report of Committee 11:

Resolution 12
Wuereas, The contents of both these memorials have already
been covered by Memorial 808; therefore be it

Resolved, That no action by the Synod is required on these
memorials at this time.

Switch Endowments from Secular Securities to Church
Extension Funds
(Memorial 811)

Wauereas, 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

‘WHEREAS, 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

Wnuereas, 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

_ 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.

Circurr M PasroraL CoNFERENCE
or THE CENTRAL Di1strIctT-
-Epwarp W. Kornneke, Secretary

Board of Trustees Seek Investments in Safe Church

Property
‘(Memorial 812)

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