# LCMS Convention Proceedings_St. Louis Missouri_1935_S277
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

and then paying the interest and the principal with the moneys that might ordinarily be expended for rentals.

V. RESIDENCES AND GARAGES.

Synod, in 1929, authorized its Board of Directors to acquire the necessary professors’ residences, borrowing the money to pay for these

Number of
Residences
1. Austin ......... eee eee ee eee ee 1
2. Edmonton .........---- eee eee 4
3. Fort Wayne .............----. 3
4, Milwaukee .................... 1
5. Porto Alegre ...............4-. 2
6. River Forest .................. 5
7. St.Louis .......... 0.0... eee 3
8. Seward ..................0005. 1
9. Total Residences ........... 20
10. Garages 2.0... eee eee eee
11. Gross Investment ................
12. Total Rentals ....................
13. Less Interest Paid on Principal.....
14, Repayments of Principal ..........
15. Balance, Jan. 31, 1935, as in AA-12..

The tabulation below reflects
all operations under this resolution. The residences enumerated were all erected before the close of the year 1931.

Gross Rental Interest on Repayments
Investment Payments Principal of Principal
$ 9,561.00 $ 5,225.00 $ 1,767.57 ¢ 3,457.43
39,412.05 20,916.98 6,494.55 14,422.43
21,118.60 11,614.90 3,690.04 7,924.86
8,000.00 4,960.00 1,588.10 3,371.90
9,523.56 4,505.00 1,553.34 2,951.66
54,988.77 32,170.00 10,865.19 21,304.81
45,239.89 18,915.00 5,783.65 13,131.35
8,982.18 4,320.00 1,374.38 2,945.62
$196,826.05
2,340.66 1,113.87 379.14 134.73
$199,166.71
$103,740.75 —_——_———
33,495.96 $33,495.96
70,244.79 $ 70,244.79 $70,244.79
$128,921.92

Balance,
Jan. 31, 1935

$ 6,103.57
24,989.62
13,193.74

4,628.10
6,571.90
33,683.96
32,108.54
6,036.56

1,605.93

$128,921.92

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