# LCMS Convention Proceedings_St. Louis Missouri_1959_S180
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

180 RESOLUTIONS — COMMITTEE 2

c. The Board shall study District loan application requests
and allocate necessary funds as loans to make acquisition of sites
and/or construction of facilities for parish building programs
possible.

d. The Church Extension Board shall approve repayment
schedules to borrowing Districts and boards to provide for loan
repayments so that the Church Extension Fund revolves in a lend-
ing rather than a spending cycle.

e. The Church Extension Board shall establish necessary pol-
icies to maintain, supervise, and enlarge the Church Extension
Fund upon a sound financial basis so that financial assistance to
our mission expansion projection is possible.

f. The Church Extension Board shall study and review the
monthly financial statement to assure the security and safety of
the financial aspects of the program. The Board shall, further-
more, review periodically financial statements of all District
Church Extension Funds.

g. The Church Extension Board, through its Executive Sec-
retary, shall confer, review, and agree with the Treasurer’s Office
on matters pertaining to Church Extension administration.

h. The Church Extension Board shall seek to attain greater
uniformity in policy and program of all District Church Extension

Departments.

i. The Church Extension Board shall assist the Districts in
co-operatively promoting the Church Extension Funds.

j. The Church Extension Board shall send a copy of its min-
utes to the President, First Vice-President, Committee No. 1 of
the Board of Directors, the Planning Counselor, the Controller,
the Treasurer’s Office, the Secretary of Missions, and members
of the Home Mission Board.

k. The Church Extension Board shall publish a complete
financial statement in its report to the Synod. This would include
money borrowed, received, and loaned.

8.109 Treasurer of Synod as Depositary

a. Treasurer of the Synod shall be the depositary of the
Church Extension Fund and custodian of its assets.

b. The Treasurer’s Office shall receive the collections, do the
essential accounting, and make a monthly report to the Board.

c. The Treasurer’s Office and the Church Extension Board
shall discuss and shall be mutually agreed on policies and pro-
grams of loans, withdrawals, reserves, and investments. Policies
shall have the approval of the Board of Directors.