# LCMS Convention Proceedings_St. Louis Missouri_1956_S267
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

Sot ct nreaatmn ey me cenpentepem tiem te nee em Seen penne e

266 SEMINARIES AND COLLEGES

Whereas, Circumstances prevented the two boards from mak-
ing the study; therefore be it

Resolved, (a) That the Board of Directors and the Board for
Higher Education be respectfully requested to make the study
requested at Houston; and be it further

Resolved, (b) That a report be made to the 1959 convention.

Resolution 16

Subject: Amortization of Faculty Housing

Wuereas, The cost of faculty housing is currently amortized
at the rate of one per cent per month over an eight-and-one-third-
year period; and ;

Wuereas, This self-imposed amortization cost is unnecessarily
high because of the accelerated amortization period; therefore be it

Resolved, (a) That the present amortization plan be modified
to encompass at least a 15-year period; and be it finally

Resolved, (b) That the plan become operative on July 1, 1956.

Resolution 20

Subject: Current Income and Expense
Wuereas, Synod’s past experience in attempting to make the
auxiliary services at our colleges and seminaries self-supporting
indicates the wisdom of this fiscal policy; and
Whereas, Synod’s best interest as well as enlightened insti-
tutional management warrants charging the student the true
economic costs of auxiliary services; and

Wuereas, The complete and immediate implementation of this

- fiscal policy requires further study on the part of the colleges and

seminaries and the Board for Higher Education; therefore be it

Resolved, (a) That Synod affirm its acceptance of the basic
principles regarding institutional current income and expense as
generally accepted in commercial higher education; and be it

further

Resolved, (b) That Synod instruct the Board for Higher
Education to hold the synodical institutions to make the current
operations of auxiliary enterprises and services a self-financing
venture and increasingly to give effect to the true economic costs
of such auxiliary services; and be it finally

Resolved, (c) That the Board for Higher Education in its
budgetary relations with the colleges and seminaries endeavor to
give full effect to this policy during the coming triennium.

|
|
|

*s- eermtn—atartr tte AR Sno prenetntt n eee tee

ical
Educ

serve
teach

quart
who

inarie
impo

indivi

after

specti
‘

for re
intent
tion j
Synoc
of rec

high <

minist
the po
budge