# LCMS Convention Proceedings_St. Louis Missouri_1935_S278
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

266 Proceedings of Thirty-Sixth Regular Convention,

W. CHURCH EXTENSION FUND,

Balance, January 31,1982 $183,510.46
Receipts: —
Repayments on Loans: 1932 ........, $60,206.28
1983 51,674.04
1984 70,969.06
Total Repayments ..................__ $182,849.38
Administration Fees: 1932 ....... |. $ 3,477.25 ;
Bo 3,593.25
1984 4,241.36
Total Administration Fees .........,., 11,311.86
Contributions: 1932 .........000 | $ 3,218.64
1933 .......,, beet cece eee eee 2,677.81
1984 | ee eeeas 2,302.61
—__
Total Contributions ............. 8,199.06
Total Receipts 202,360.30
Disbursements ; — $385,870.76
New Loans: 1932 .....0.00....00.. $86,205.00
1983 18,218.97
1934 37,500.00
—____
Total New Loans ..........,..... “Lae $141,923.97
Sundry: 1982 ee, $ 9,374.1]
1983 2,201.75
19384 3,000.00
Total Sundry Disbursements ........ |. 14,575.86
Notes Payable, 1932)... 51,140.00
Total Disbursements ..........0.00 207,639.83
Balance, January 31, 1935, as in AA-32 ..... $178,230.93

X. LEGACIES AND BEQUESTS. .

During the last three years Synod, in its Legacy Department, was the
recipient of $272,749.14, the major portion of which amount came from the
estates of deceased members. These receipts fall in the following classi-
fications, which are here briefly defined, ,

A. First of all, there are LEGACIES, which according to our office
parlance are sums willed to Synod by its members, the testator specifying
that the amount willed to Synod should be profitably invested ‘and’ the
earnings used for some general or specific purpose of Synod. Quite fre-
quently the testator designates the ultimate synodical purpose to which
these earnings should be put. Of late, however, Synod has been receiving
a gratifying number of legacies in which the testator merely named the
Synod as beneficiary, without further stipulation, leaving it to Synod’s
Board of Directors to designate annually the purpose of such earnings.

B. By far the greatest number of items contained in our legacy re-
ceipts are identified as BEQUESTS. In our office parlance, if a testator
wills anything to Synod and, instead of specifying that the legacy is to be
invested and only the earnings used, says that the entire aum is to be
paid out for some general or specific Purpose of Synod, such an item is
designated as a bequest, — ;