# LCMS Convention Proceedings_St. Louis Missouri_1956_S241
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

240 SEMINARIES AND COLLEGES

in fiscal 1959. This would provide a total of $6,750,000 in capital
funds within the triennium after the St. Paul Convention.

On this basis, the Board has selected projects totaling approx-
imately $6,750,000, which received itemized listing in column 1 of
the appended tabulation.

Plan B

In the further realization that this present synodical convention
would have before it, for review, the decisions reached a year ago
and with a view both to the short- and long-range needs of Synod
and the welfare of the synodical institutions, the Board also
determined to submit an alternate proposal on the assumption
that this synodical convention might decide that the policy pre-
ferred a year ago cannot be followed with success and may not
be feasible, and that, therefore, financing of capital investments
on some other basis must become the approved synodical course
of action (Plan B).

Plan B assumes that this synodical convention will determine
that it is neither feasible nor necessary to provide for the imple-
mentation of the policy of annual inclusion of established capital
investment funds in the synodical budget. It likewise assumes
that Synod will either instruct its Board of Directors to exercise
full authority to borrow capital investment funds for future repay-
ment as provided by the Houston Convention in 1953 or that Synod
will determine other bases of financing its capital investment
outlay for the next period of years,

Under Plan B, a distinction between column one and column
two in the appended tabulation is neither necessary nor useful.

The recommended columnar sequence used in tabulating the
request includes these categories:

1. To be completed with synodical funds within the 1957—1960
triennium.

2. To be completed with synodical funds after fiscal 1960.

3. To be completed from local funds of the institution as soon
as they are available.

Generally, this classification includes projects for which
synodical Districts or other groups have indicated their readiness
to furnish special funds.

4. Deferred for restudy and redefinition for the 1959 convention.

Projects placed under this classification do not seem to be
consistent with the essential functions assigned by Synod to
a given institution or with anticipated general developments in the
synodical system of colleges and seminaries, or they do not seem
to provide the most feasible answer to a campus-planning problem.

5. To be provided from synodical funds under the regulations
of the so-called “building-and-loan plan” now existing.

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