# LCMS Convention Proceedings_St. Louis Missouri_1956_S478
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

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478 CONSTITUTIONAL MATTERS

Re Making Trust Funds Available for Use
in Church Extension Fund
(Memorial 809)

Wuereas, Certain trust funds of our beloved Synod cannot now
be invested in the Church Extension Fund of Synod and/or Dis-
tricts; therefore be it

Resolved, That the Board of Directors attempt to find the legal
means to make funds held in trust by Synod available for use in
the Church Extension Fund of Synod and/or Districts.

Tue Tutsa Circurr, OKLAHOMA Disrrict
Cartes R. Birner, Visitor

To Make Arrangements that Pension Funds
Can Be Used for Church Extension

(Memorial 814)

Wuereas, There is urgent need of more Church Extension
funds for the use of the rapidly growing home mission fields of
our church; and

Wuereas, Synod has a Pension Fund of approximately twenty
million dollars, not currently invested in the church, which could
help alleviate this need; and

Wuereas, According to the Board of Trustees of Synod’s Trust
Funds and the Board of Support and Pensions, present investment
of the Pension Fund cannot be changed without a mandate from
Synod; and

Wuereas, The only objection raised to the use of the Pension
Fund for Church Extension purposes has been on legal ground; and

Wuereas, The legal objection has involved the alleged illegality
of investing the Pension Fund within the church itself without
permission of those who have contributed toward it, and in a man-
ner which may involve a “conflict of interests”; and

Wuereas, Attorney Frank C. Mann has stated (in the Mann
Opinion, 2-23-54): “By reason of the manner in which this Fund
is created, it is our opinion that the contributing workers clearly
have a vested interest therein,” by which it follows that the choice
of investment of the Pension Fund ought to be granted the con-
tributing workers; and

Wuereas, The simple procedure of requesting contributing
members of the Pension Fund to sign a legal form granting per-
mission for their accumulation to be used for Church Extension

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