# LCMS Convention Proceedings_St. Louis Missouri_1959_S177
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

MISSIONS 177

Resolved, That the Division of Expansion be charged with the
responsibility of making loans available for a period of five years
to District Church Extension Funds in behalf of the new mission
congregations at a low rate of interest and a graduated repayment
program for the purpose of acquiring a site and/or constructing
facilities in order that the Word of God might be preached and the
sacraments might be administered; and be it finally

Resolved, That the Division of Investment shall be charged
with the responsibility of financing parish building programs after
the first five years if outside local financing is not available. Terms
and policies for this Division shall be separated from policies of
the Division of Expansion. This Division would provide for longer
periods of financing and at higher interest rates than those offered
by the Division of Expansion.

Action: This resolution was adopted.

Church Extension — “Handbook” Revision
RESOLUTIONS 39 to 49, COMMITTEE 2
Memorial 412, pages 394—395, Reports and Memorials

' These resolutions were replaced by Substitute Resolution
39-49, Committee 2.

Church Extension — “Handbook” Revisions
RESOLUTION 40, COMMITTEE 2
t Memorial 412, page 395, Reports and Memorials

Wuereas, A constant growth of the Church Extension Fund
requires special attention; and

Wuereas, Special interests and special abilities are desirable
for supervising, maintaining, and enlarging the Church Extension
Fund upon a sound financial basis; and

Wuereas, Frequently qualifications in finance and investment
are found in the lay membership; and

Wuereas, The addition of two laymen to the General Church
Extension Board would provide equal representation between lay-
men and called workers in the church; therefore be it

Resolved, That the San Francisco convention of The Lutheran

d

Church — Missouri Synod instruct its Committee on Constitutional
8 Matters to delete paragraph 8.101 — “Personnel and Election of
4 Board” and substitute the following paragraph:
d Personnel
e The Church Extension Board shall consist of eight members —

two pastors, two teachers, and four laymen — who shall be elected