# LCMS Convention Proceedings_St. Louis Missouri_1969_S163
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

RESOLUTIONS 163

to devise a plan that would secure adequate means of
protection of reasonable medical coverage for depen-
dents of married students at our terminal schools.

Action: Adopted (7).

To Decline to Make Certain Claims
Procedures Retroactive
RESOLUTION 12-17

Overture 12-483U (URO, p. 85)

Wuereas, The claim procedure adopted by the Board
of Managers — Concordia Plans includes the individual
handling of exceptional cases regarding claim appeals;
and

Wuereas, It is the province of the Synod to set gen-
eral principles of operation but not management details;
and

Wuereas, The committee finds that the Board of
Managers and Board of Directors have followed a con-
sistent pattern of making changes and adjusting claim
procedures; therefore be it

Resolved, That Overture 12-43U be respectfully de-
clined.
Action: Adopted (7).

To Decline Overture re Loans to High
Schools from Pension Fund
RESOLUTION 12-18

Overture 12-21 (CW, p. 480)

WHEREAS, Overture 12-21 requests the Synod to
“make available to Lutheran high school associations
capital-fund loans from the department of investments
of the synodical Pension Fund”; and

Wuereas, The Board of Trustees, in investing the
reserves of the Pension Fund, and the corporate in-
vestment agent, appointed by the Board of Managers
to invest reserves of the Concordia Plans, are governed
by the widely followed investment standards of the so-
called “Prudent Man Rule,” which, as related to loans,
presupposes the application of reasonable tests of credit
worthiness and financial responsibility, a satisfactory
rate of interest, and adequacy and marketability of the
security; and

Wuereas, Loans from any such pension reserves
would ordinarily be on terms and at interest rates
generally comparable to loan terms available from com-
mercial lending sources; and _

Wuereas, The overture appears to ask the Synod to
relax investment standards in order to make loans to
high school associations, which the committee cannot
recommend for action; therefore be it

Resolved, That Overture 12-21 be declined; and be
it also
Resolved, That any high school association whose

borrowing request would qualify under the investment
standards applicable to the pension reserves take note

that its borrowing request can be considered for pos-
sible investment.

Action: Adopted (7).

To Encourage Congregations to Put Forth
Special Efforts in 1969
RESOLUTION 12-19

Report 12-03 (CW, pp. 462—466)

Wuereas, The 1969 synodical budget exceeds District
commitments; and

Wuereas, Challenging and God-pleasing opportu-
nities for the building of God’s church must be com-
pleted in 1969; therefore be it

Resolved, That we urge each congregation to put
forth a special effort to exceed its regular commitment,
and also to support wholeheartedly the Synodwide spe-
cial offering scheduled for the 30th of November, 1969,
so that our 1969 program may be completed.

Action: Adopted as amended (10).

(“Kingdom” was changed to “church” by the committee.
The amendment was to insert the reference to the special
offering in the final resolved and to eliminate “meet or” be-
fore “exceed.”)

RESOLUTION 12-20
(Withdrawn by the committee)

RESOLUTION 12-21
(Withdrawn by the committee)

To Express Gratitude for ‘“President’s
Fellowship” Program
RESOLUTION 12-22

Report 12-01 (CW, pp. 444—445)

Wuereas, The “President’s Fellowship” effort, in
securing additional funds for capital needs, has resulted
in the phenomenal success, under the blessed hand of
God, of raising in excess of $14% million in cash and
pledges in the short time of approximately 1 year; and

Wuereas, This effort was initiated by the President
of the Synod and pursued by him at considerable per-
sonal sacrifice of time and effort; therefore be it

Resolved, That we express our profound thanks to
the President of the Synod, Doctor Oliver Harms, for
his successful and productive services beyond the call
of duty.

Action: Adopted (7).

To Decline Proposed $30 Million Offering,
to Decline Participation in LCUSA
Open End Appeal, and to Evaluate

and Interpret Priorities
RESOLUTION 12-23
Overtures 3-17, 12-07 (CW, pp. 99, 475); 2-73U, 3-360U,
3-361U (URC, pp. 10—11, 41)
Wuereas, Numerous Lutheran Church — Missouri
Synod agencies and departments have ongoing pro-