# LCMS Convention Proceedings_St. Louis Missouri_1962_S199
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

198 UNPRINTED MEMORIALS

Stewardship Secretary

The Districts of the Synod are advised to provide
for the systematic supervision and qualified guidance
and promotion of stewardship education and to that end,
where possible and necessary, establish and maintain
the office of a Stewardship Counselor or Secretary, who
shall be responsible to the District Stewardship Board
in the performance of his duties.

Congregational Boards of Stewardship, Mission

. Education and Promotion
Functions

Every congregation should be encouraged to elect or
in some other way create a board or committee of stew-
ardship. This board or committee shall be responsible
for carrying on an adequate stewardship program in
the manner prescribed by the congregation.

Tue STEWARDSHIP BOARD OF THE SYNOD
Expor Cassens, Chairman
AARON Kopr, Secretary
EvMer NErrzEu
Epwin C. Jacoss
Pau. KUEHNERT
[812-A]
To Increase Minimum Amount
of Pension Payment

Be It Resolved, That the minimum amount of pension
payment to retired pastors and teachers be increased
from $100 per month to $150 per month.

Satem LUTHERAN CONGREGATION

Homewood, Il.

W. W. Wis, Pastor

W. G. WeENTZzEL, Chairman

RAYMOND LANGBEBN, Secretary
[825]

To Give Fred C. Rutz the Right to Inspect
the Synod’s Books . . . by a Firm of Reputable
Accountants at His Expense

Wuereas, Numerous discrepancies appear in the pub-
lished financial reports of Synod’s operations for the
year 1959; and

Wuereas, Some of these items are of large proportion,
which the officials of Synod have not corrected in sub-
sequent issues of the Lutheran Witness, although ap-
prised of such mistakes; and

Wuereas, The Lutheran Witness Editorial Board has
been requested to correct such errors, it has refused to
do so unless authorized by the Treasurer of Synod; and

Whereas, The Lutheran Church — Missouri Synod
Foundation’s expenses are paid for by Synod, and has
been costing us over $100,000; and

Wuereas, No financial reports are published in the
Lutheran Witness of The Lutheran Church — Missouri
Synod Foundation Corporation; and

Wuereas, Synod’s expenses have skyrocketed over
the last several years, which has resulted in a debt of
over $6,000,000; and

Wuereas, The details of Synod’s operations are not
published in the Lutheran Witness; and

Wuereas, The Board of Directors have purchased
two large tracts of land for the Junior College in Mich-
igan at an exorbitant price of over $1,000,000. One of
these sites, costing over $600,000, is not suitable for a
college and will have to be sold at a loss. The second
site is of doubtful value because of its location and the
cost of developing it before a college can be erected; and

Wuereas, In order to clarify Synod’s entire financial
picture, I requested an audit of Synod’s books, at my
expense. This has been refused by the Board of Direc-
tors, stating “that the nature of this request will require
action on the part of Synod’s Convention scheduled for
June of 1962.” Therefore be it

Resolved, That Fred C. Rutz be given the right to
inspect Synod’s books, with or without him present, by
a firm of reputable, competent public accountants, at his

expense. Frep C. Rutz, Chardon, Ohio
£826]

To Expedite Resolution to Make Available
Loans from the Pension Fund
to Incorporated Congregations Holding
Membership in the Synod

Wuereas, There exists within our church body a crit-
ical shortage of church structures; and

Wuereas, The Church Extension Funds within the
Synod and various Districts are inadequate to meet
these needs; therefore be it

Resolved, That the Southern District, in convention
assembled, memorialize the Board of Directors of the
Synod to expedite, without further delay the resolution
of the San Francisco convention regarding loans to con-
gregations from the Pension Fund.

SOUTHERN DISTRICT

THe LUTHERAN CHURCH — MissouRI SyNoD
LorHar KLEINHANS, Secretary

[827]
To Revise Investment Policies
of Board of Trustees

Wuereas, The yield upon investments held by the
trustees of the Synod’s Pension Fund is about 3.75%;
and

Wuereas, This yield appears to be low in comparison
with other and similar trust funds; therefore be it

Resolved, That the Southern District, in convention
assembled, memorialize the Board of Directors of the
Synod to instruct the Board of Trustees to adopt revised
investment policies which would increase the present

ield.
y SoutTHEerN District

Tre LurHERAN CHuRCH — MissourI SyNnop
LotHar Kiemnans, Secretary