# LCMS Convention Proceedings_St. Louis Missouri_1959_S135
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

SEMINARIES AND COLLEGES 135

Capital Fund Inclusion for the Next Six Years for
the Colleges and Seminaries Under the Jurisdiction
of the Board for Higher Education

RESOLUTION 23, COMMITTEE 1

Memorial 120, Section E, pages 146—147, Reports and Memorials

Resolved, That the Synod authorize for recommendation to
the next three fiscal conferences the following appropriations for
capital investment in educational plants

For the fiscal year 1960 — $2,400,000

For the fiscal year 1961 — $2,650,000

For the fiscal year 1962 — $2,900,000;
and be it further

Resolved, That the Synod receive the report of the following

estimates of annual budget appropriations for capital investment
in educational plants which the Board for Higher Education now
believes it may recommend to Synod for approval in 1962

For the fiscal year 1963 — $3,175,000

For the fiscal year 1964 — $3,465,000

For the fiscal year 1965 — $3,800,000

Action: This resolution was adopted.

Extension of Authority for Capital Fund Borrowing
RESOLUTION 24, COMMITTEE 1

Memorial 120, Section E, page 144, Reports and Memorials

This resolution was withdrawn, since Resolution 23 of Com-
mittee 11 covered this subject.

Commendation
RESOLUTION 25, COMMITTEE 1

Special Resolution
Wuereas, The Lord of the church has granted special blessings
in the area of higher education through many people; and
Wuereas, Grateful people should give thanks to God for faith-
ful service rendered in His kingdom; therefore be it

Resolved, That we give thanks to God for the dedicated and
faithful services of all those who have been engaged in the work
of higher education, especially the Board for Higher Education, its