# LCMS Convention Proceedings_St. Louis Missouri_1935_S265
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

Ev. Luth. Synod of Missouri, Ohio, and Other States. 1935. 253

“Q) The period of service shall be three years or until successors
have qualified for office.

“3) In the first meeting of every triennium this committee shall
organize by electing a chairman, a vice-chairman, and a secretary,
each to perform the duties usually assigned to such officers.

“4) This committee shall hold regular meetings and as many
special meetings as may become necessary.

“5) The main business of this committee shall be to exercise
supervision over all investments with respect to purchases and sales
made by Synod’s Treasurer, who will not be allowed to make any
new investments except upon approval of this committee and who is
to regard as orders the decisions of this committee with respect to
investments already in his portfolio. This makes it a duty of this
committee that its members keep posted on Synod’s investment port-
folio with reference to market fluctuations.

“8) The committee shall establish, and from time to time amend,
a general policy governing the type and the relative diversification of
Synod’s investments.

“7) The committee through its chairman and its secretary shall
approve every voucher on the basis of which any authorized purchase
of investments shall be made by the Treasurer. Acquisitions of in-
vestments coming to Synod by way of gifts or inheritance must be
covered by a similar voucher, although the committee cannot be held
responsible for the marketability or desirability of such donated
items.”

5. Synod is asked to embody the following revised regulations for
the Foreign Mission Board in the new edition of the Handbook: —

“1) For the conduct and supervision of our Foreign Mission
work there shall be elected a board consisting of at least seven mem-
bers, of which the majority shall be of the clergy. If possible, a former
well-tried, well-qualified missionary of each field (India and China)
shall be elected to membership of the Board for Foreign Missions
(Proceedings, 1932, p. 147, 8). The Board shall be elected by Synod in
accordance with the rules and regulations of Synod for elections. The
Board shall be empowered to fill any vacancy which may occur, subject
to the approval of the President of Synod.

“2) The Board shall meet quarterly and otherwise as often as
may seem necessary and shall elect its officers. The Board shall
appoint subcommittees from its own membership, one subcommittee,
e. g., being the department for work in Ohina, another for missions in
India, etc. These subcommittees shall meet monthly and otherwise
as often as may be deemed necessary. The Board shall draft the
necessary regulations for these committees. (Proceedings, 1932,
p. 147, 9.)

“3) The subcommittees may transact all routine business in their