# LCMS Convention Proceedings_St. Louis Missouri_1953_S626
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

640 FINANCIAL MATTERS

in any of Synod’s Trust Funds The Treas

- urer of
accurate and complete records of Synod’s Trust Funds nd Keeps
counts are audited annually by a certified public accoun all ac-
Pointed by Synod’s Board of Directors. ‘ant &p-

Ricwarp H. Wattre, Chairman

ACTION
Upon recommendation of Committee 11 Synod resolved:

Resolution 5

Wuereas, The important and ¢ |
. omplex work of th
prustees of Synod’s Trust Funds has been carried on fan ;
y the men appointed to this office by the Board of Directors: and
WHEREAS, These services have be rfully gi ,
financial remuneration; and sn chee Y Biven without
Wuereas, The members of this B
» 7 oard have carried thi
work at the sacrifice of their own time and energies; therefore mis

Resolved, That we offer our sinc
y t
Trustees of Synod’s Trust Funds. ere thanks to the Board of

Modify the Synodical Policy of the Financing
of Capital Investments
(Memorial 805)

h Synod, under God’s grace, has a debt-free capital investment
NM ose potential is not being used for the expansion of Christ’s

ingdom. Other enterprising church bodies may well serve as
contrasting lessons to us in this regard. We do not believe that
current income should be made to pay the cost of buildings which
are to serve for a generation or more. ‘ °

Accordingly, we urgently recommend to Synod:

1) that it change its system of
from a cash policy to one which
credit position; and
2) that the President of Synod appoint a committee of five
; aymien of our Grureh especially competent in banking and financial
‘practices to devel ici i
Sunes, nd elop sound policies and standardized proce-
ther that the Treasurer of Synod and its Board of Directors
hereupon put this program into immediate effect, with an evalua-
tive report to each succeeding synodical convention ,

financing capital improvements
uses the advantages of Synod’s

THE Boarp oF Contro.
Sr. Paut’s Cotece, Concorpta, Mo.
O. G. Tiemann, Secretary

FINANCIAL MATTERS 641

ACTION
- In this connection Committee 11 also considered Unprinted
Remorial 28, read to Synod by Mr. J. W. Boehne, Jr. After a
Ember of amendments had been made, Synod adopted the fol-
g resolutions:
a Resolution 13
&: Wuereas, The unprinted memorial of Synod’s Board of Direc-
ys, Unprinted Memorial 28, appearing on pages 24 to 26 of
oday’s Business,” was received by Committee 11 only after the
fommittee was organized for this convention; and
Wuereas, The Board of Directors of Synod, in this Unprinted
emorial 28, points out that millions of dollars are needed by the
urch in its missionary and higher educational work; and
WHEREAS, The issues involved are of such far-reaching im-
portance to the Church; and
:. WuereAs, The complexity of the problems presented by this
‘memorial requires more study than is possible at this conven-
ion; and .
Wuereas, Some church members and congregations are still
making contributions to the “Conquest for Christ” offering; and
Wuereas, Some of the Districts of Synod and local areas have
«embarked upon long-range major projects in the interest of the
kingdom of Christ which had been delayed because of the “Con-
quest for Christ” offering; and’
WuerEas, The Board of Directors, in Unprinted Memorial 27,
recommends that Synod recognize the need of a Survey and Find-
. ings Committee to make a thorough study of the over-all financial
needs of Synod for the years 1957, 1958, 1959; and
Wuereas, Our Lord has greatly blessed our Church and is
continually presenting open doors of opportunity for Kingdom
growth; and
Wuereas, Every Christian most earnestly desires and fervently
prays for such progress in the Savior’s kingdom; therefore be it
Resolved, That Synod authorize a Survey and Findings Com-
mittee to be composed of the Board of Directors of Synod, and
a like number of District representatives chosen by the voting
members at the meeting of the 1953 Fiscal Conference of Synod,
the Planning Counselor of Synod, the Comptroller of Synod, the
Assistant Treasurer of Synod, and the four Vice-Presidents of
Synod to be considered as advisory members; and be it further
Resolved, That this committee, as soon as possible after the
1953 meeting of the Fiscal Conference of Synod, make a careful
and detailed survey of the present financial program of our Church