# LCMS Convention Proceedings_St. Louis Missouri_1950_S1254
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

FINANCIAL MATTERS 175

Jarger 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
Car. M. Zorn, Secretary

Special Loan Department
(Memorial 814)

In convention assembled at Camp Pioneer, Angola, N. Y.,
June 27—July 1, 1949, The Lutheran Church — Missouri Synod,
Eastern District, adopted the following overture:

WHEREAS, The Lutheran Church — Missouri Synod has various
funds and balances which are invested in Government Bonds and
other securities; and
_ Wuereas, Many congregations of our Synod are forced to
borrow money from secular sources in order to finance their build-
ing programs; therefore be it

_ -Resolved, That the Eastern District memorialize Synod to
institute a Special Loan Department by which available funds can
be invested in member congregations; and be it further

Resolved, That Synod’s Board of Directors set up the necessary
rules and regulations governing such loans.

Martin W. MvuE.ter, Secretary

Pension Fund Loans for Church Extension
(Memorial 831)

The following resolution was adopted on June 21, 1949, by the
Michigan District at its 71st Convention in Saginaw and is here-
with presented to The Lutheran Church — Missouri Synod for
action at its 1950 Convention:

Wuereas, Neither the. General Extension Fund of Synod nor
the Extension Funds of the various Districts are able to furnish
sufficient moneys for the building of much-needed chapels and
schools for our mission congregations; and

Wuereas, The Pension System of Synod has a trust fund of
six and one-half (644) million dollars being invested largely in
Government bonds; therefore be it

Resolved, That we of the Michigan District of the Missouri
Synod, assembled in convention in Saginaw, Mich., June 19—23,