# LCMS Convention Proceedings_St. Louis Missouri_1953_S458
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

458 FINANCIAL MATTERS

“Participation in Synod’s Pension Fund shall be required 9
pastor, professor, missionary, teacher, deaconess, or other
church worker who after July 1, 1950, accepts a position:
receives his salary from, The Lutheran Church — Missouri Syai
or from a District in Synod.” We recommend that this parag
be added to the Pension Plan regulations.

26. Upon the suggestion of the Executive Secretary" of
Board of Support and Pensions, the Board of Directors p:
following resolution in its April meeting, 1951: “Because
crease in the cost of living has made-inadequate the provigs
10.47b3 (Handbook) for a $90.00 a month ceiling on add

instructed to recognize a ceiling of $120.00 a month for such
tional earnings until Synod itself can take definite action j
matter.” We respectfully ask that Synod approve this actio
change its regulations (10.47b3) accordingly. ;

27. The Board of Trustees of Synod’s Funds called our
tion to the fact that Section 9.27b of its regulations is not wor!
The Treasurer is our Legacy Officer and handles all legaci
estates while in probate, with the assistance of our attorney.
legacies do not become trusts until paid to Synod. We th
recommend that Section 9.27b be stricken from the Handbo

Tue Boarp. or Directors oF
M. F. Krerzmann, Secre

[802]

Membership of Synod’s Board of Directo

Wuereas, Synod’s Board of Directors, composed of th
ident, the Secretary, the Treasurer of Synod, by virtu
office, and three pastors and five laymen, is charged b
to be its legal representative and custodian of its prope

Wuereas, It is also charged with many other dutie
forth in twenty-one paragraphs of Section 2.79 of Synod’s”
book; and

Wuereas, Synod in 1950, by adopting Section 2.81 as a:
pletely new Section to “F. THE BOARD OF DIRECTO.
SYNOD,” further increased the duties of the Board of D:
of Synod; and :

Wuereas, The present arrangement of representatio
Board of Directors of Synod is not in accordance with th
cratic principles of our Church, since no provision is