# LCMS Convention Proceedings_St. Louis Missouri_1956_S693
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

FINANCIAL MATTERS 693

and Associates of Chicago. Plans call for a seating capacity of
3,000 and a prayer chapel seating 350. Construction, estimated to
take a year, will begin in the late summer. Sketches and a brief
description were featured in the Lutheran Witness of April 10,
1956, page 13.

The “Building for Christ” crusade has thus rendered important
and far-reaching help to the five participating agencies. It has
enabled them substantially to enlarge and strengthen their sphere
of service to Christ and His kingdom. May God richly bless those
whose generous gifts to the “Building for Christ” fund have made
this progress possible!

ACTION
Resolution 12

Wuereas, The “Building for Christ” campaign provided funds
necessary to carry out the God-pleasing educationai and charitable
functions of the benefiting agencies; and

Wuereas, This campaign called for tireless effort and sacrifice
on the part of many consecrated workers; be it

Resolved, That Synod express gratitude to all who worked
so unselfishly to make this one-time effort a success.

Financial Matters
Disposed of by Resolutions Submitted by Committee 11.

Resolution 13

Subject: Study of Fiscal Policy

Wuereas, Synod feels that it is in the best interest of the
church to provide for its capital-investment needs by including
specific amounts therefor in Synod’s regular annual budgets; and

Wuereas, Implementation of such a decision will require re-
vision of existing fiscal policies; and

Wuereas, Specific fiscal policies governing capital investments
have been advocated by the Board for Higher Education in their
Resolution 27; and

Wuereas, The provision for capital investment is a concern of
several departments of Synod; be it

Resolved, (a) That the Board of Directors place into operation
during the next triennium fiscal policies for capital investments
that will provide direction for: the handling of unexpended capital
funds; the borrowing of funds for short periods; and the amor-
tization of such loans in future budgets; ;