# LCMS Convention Proceedings_St. Louis Missouri_1938_S284
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

In 1929 Synod authorized its Board of Directors to acquire necessary professors’ residences, borrowing
and then paying the interest and principal with the moneys that might ordinarily be expended for rentals.

F. RESIDENCES AND GARAGES

° ~ no cost to Synod.
AY ge. Number of
. . a Residences
. 1. Austin 202 1
. 2. Edmonton 22 e-- eee eeeee ee 4
4 3. Fort Wayne _..............-..--—-— 3
-. 4, Milwaukee 0. 1
° 5. Oak Park (President’s residence) 1
6. Porto Alegre 2.2.22 eee 2
7. River Forest 2.2... . 5
8. St. Lowis oe eee eee ee 3
9. Seward nee eee eect eee 1
“40. Garages nee -
11. Gross investment _....0 eee
12, Total rental payments _..-..---.--.----.-------
13. Less total interest paid 2.2.2...
14. Repayments of principal _.............---
15. Batance, January 31, 1938 __-.......--..—-.--.

Gross
Investment

$ 9,561.00.

39,412.05
21,118.60
8,000.00
13,429.41
9,523.56
54,988.77
45,239.89
8,982.18
2,340.66

$212,596.12

136,320.62

$76,275.50

Rental
Payments
$ 8,645.00

35,649.74
19,217.38
7,840.00
3,360.00
7,925.00
52,625.00
35,647.00
7,560.00
1,852.18

$180,321.30
44,000.68

$136,320.62

Interest on
Principal
$ 2,229.90

8,375.42

4,683.10
1,929.98
791.69
2,059.11
13,354.33
8,242.26
1,835.96
498.93

$44,000.68

the money to pay for these
Some garages were added at

Repayments
of Principal

$ 6,415.10
27,274.32
14,534.28

5,910.02
2,568.31
5,865.89
39,270.67
27,404.74
5,724.04
1,353.25

$136,320.62

Balance,
Jan. 31, 1938

$ 3,145.90
12,137.73
6,584.32
2,089.98
10,861.10
3,657.67
15,718.10
17,835.15
3,258.14
987.41

$76,275.50

786

sio}ey efoueuly