# LCMS Convention Proceedings_St. Louis Missouri_1959_S182
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

182 RESOLUTIONS — COMMITTEE 2

e. The borrowing District or Board shall give its notes signed
by its officers as security for loans.

f, Districts having loans shall make available financial reports
to the Church Extension Board of the Synod annually or when . : th
such reports are requested by this Board. They shall have these en © M
accounts audited by the Synod’s Auditor or submit an audit ac-

off

ceptable to him. M

8.117 The District Church Extension Program st
a. The District Church Extension Committee shall administer

the District’s Church Extension program in accordance with Dis- E

trict regulations and policies and in close co-operation with Synod’s

Church Extension Board and in conformity with Synod’s Church ic

Extension program. (:

8.119 Division of Expansion and Division of Investment .
a. The Church Extension Department shall be divided into 7

two separate divisions — Division of Expansion and Division of a

Investment. | a
b. The Division of Expansion shall be charged with the re- a ~ °

sponsibility of making loans available for a period of five years “op

to District Church Extension Funds in behalf of new congrega- Be N

tions at a low rate of interest and a graduated repayment program :

for the purpose of acquiring a site and/or constructing facilities I

in order that the Word of God might be preached and the sac- t

raments might be administered. I

t

c. The Division of Investment shall be charged with the re-
sponsibility 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
in the Division of Expansion.

Action: This resolution was adopted.

Se eer Ee KR HA

Medical Missions
RESOLUTION 50, COMMITTEE 2

Memorial 405, pages 361—362, Reports and Memorials
Unprinted Memorial 423, page 46, Today’s Business

Wuereas, The work of Medical Missions has been recognized
as an important phase of the work of the church for many
years; and