# LCMS Convention Proceedings_St. Louis Missouri_1938_S274
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

274 Financial Matters

be appointed by Synod’s Board of Directors. He shall hold mem-
bership on this Board of Trustees for three years or until his
successor shall have been appointed and shall have accepted.

“pb, The Treasurer of Synod shall be ex officio a member of
the said Board of Trustees.

“e, The other five (5) members of the said Board of Trustees
shall be appointed by Synod’s Board of Directors from the laity
of Synod. One member shall be appointed for a term of one (1)
year, two shall be appointed for a term of two (2) years, and two
shall be appointed for a term of three (3) years. Thereafter suc-
cessors shall be appointed annually for terms of three (3) years.
But no member of this Board provided for in this Paragraph c shall
be appointed to succeed himself more than once.

“qd Vacancies occurring in this Board of Trustees shall be
filled by the Board of Directors of Synod.

“4) The Board of Trustees of Synod’s Trust Funds shall or-
ganize by choosing its own chairman and secretary.

“5) This Board shall be privileged to appoint such executive
committees from its own membership as it may find necessary for
the efficient, punctual performance of its duties; but the said
Board shall always be responsible to Synod’s Board of Directors
for the acts of such committees as well as for its own acts.

“g) This Board shall draft its own rules (respectively, amend-
ments thereto) to govern its actions within the scope defined in
Paragraph 2 above. However, such rules or amendments shall
not become effective or operative until or unless they have been
approved by Synod’s Board of Directors.”

Tue Boarp of DIRECTORS OF THE Ey. LurHERAN SYNOD
or Missouri, O10, AND OtHeR STATES
By the Secretary of the Board,
M. F. KRETZMANN

Committee 14 submitted its report and recommendations
on various points under “A Financial Matters” of the Report of
the Board of Directors as follows:

On Point 1, The Budget (p. 218 of Reports and Memorials):

In this paragraph the Board of Directors reports

a) That in accord with Synod’s resolution they endeavored
each year during the past triennium to “balance the budget”;

b) That they made efforts to have the budget increased slightly
from year to year;

c) That with the money available the most necessary re-