# LCMS Convention Proceedings_St. Louis Missouri_1953_S1012
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

234
SEMINARIES AND COLLEGES SEMINARIES AND COLLEGES 2386
ad is in a position to provide all of these benefits, without
tage to herself, since, under present plans she has not
* dead investment of more than half a milion dollars, but
A pay ing expenditure to maintain and improve the properties.
um at least 3 gt re a cmibility of such a plan is well established by the expe-
or on modified se lity -which industrial firms have had with the arrangement.
e brethren do not It 8 in.effect, also, at some universities, and the same principle is
i" sc to the G.I. contracts through which our Government makes
A ible for young men to purchase housing.
it poss! ;
The Board for Higher Education
Recommends, therefore, that the Board of Directors and the
Higher Education be authorized and directed to accept

house in the area of assisting faculty Personne]
, g. nder present policy, every called facy] em
e provided, somehow, with a place to live y member must
Another complicating factor is the Progress of
program. By the end of the coming trienni the
members are expected to be in retirement
t is well known that the majority of thes

If Synod intends to conti i Board
, tinue its i . for
personnel, it will wish to modify its bom Policy for faculty contracts which reflect the specific understanding that it is Synod’s
and to do so at an early date, since the & Policy Accordingly, intent to endorse arrangements which will enable faculty people
furnishing such housing did not contemplate retin arrangement of to purchase existing housing under terms which do not meet the
toss of the past triennium or any succeeding trheanents and since soft and security demands of commercial mortgage financing;
© aggravate the problem ums only serves d the Board
. an e
It is already too late t imi
o make provisions Recommends, further, that similar arrangements be worked
faculty members who are scheduled to retire neh would affect out in cases where Synod is compelled to purchase or build off-
ess they have had sources of inco b carly future, campus housing for newly called faculty people who cannot be
; however, not a f me Deyond the Synodical P i i i
arn raid , a few younger men. have made urgent appli accommodated in available faculty housing.
answer to the problem for Sy a nd foe the ode the logical ACTION
or Synod and for the perso
ves Since Synod 1s confronted with the fact that its prewved Committee 1 recommended, and Synod resolved:
usually subject to tazation wae bring no cash return, but are Resolution 16
. » extens . ;
expenditures, and possible loss by fre te and mamtenance ‘ Wuereas, The proposed arrangements whereby our professors
providing faculty housing and : ; Since its system of could purchase a home with the financial assistance of Synod have
creates specific obligations when ite eorrespondingly low salaries not been clearly defined; and
retire, ‘it is felt that further attempts fe ache members to Wuereas, We desire to accord our professors every reasonable
system of selling existing or other off-campus ‘hous satisfactory assistance to assure their physical well-being and ease of mind at
oe and be developed. to faculty all stages of life, without discriminating against any other servants
€ recognized that whatever of the Word; therefore be it
ad arrangements are finall ,
aes they cannot be expected to parallel the regular com. Resolved, That we refer this matter for further consideration
a plan is te one \ in such matters, since the very purpose of such to Synod’s Board of Directors and Synod’s Board for Higher Edu-
commercial provide means through which those who cannot meet cation with the request to submit their findings to the 1956 con-
enabled tn ber eements through no fault of their own, are vention.
become leant, he omes. To achieve its objectives, indeed, to Accounting System
down payment a at the plan must provide for a much smaller Your Board is glad to report that the long process involved in
than sendy plans require, a nominal interest introducing the new accounting system at Synod’s colleges and
and a long-term contract. The contract seminaries is rapidly drawing to a close. It is our hope that by
property or to have firet which enable Synod to recover the the end of this calendar year all of the institutions will be
that the occupants acc [refusal of any sale contract in the event operating under the new plan.
ept calls, or in the event that they or their In this connection the Board gratefully acknowledges the

services of Mr. Elmer Jagow, business manager of Concordia

for any reason..