# LCMS Convention Proceedings_St. Louis Missouri_1941_S853
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

- &

E. RESIDENCES AND GARAGES

In 1929 Synod authorized its Board of Directors to acquire necessary professors’ residences, borrowin| the money to pay for these

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

cost to Synod.

Number of Gross Rental Interest on Repayments
Residences Investment Payments Principal of Principal
Austin - $ 9,561.00 $11,927.28 $ 2,366.28 $ 9,561.00
Concordia __...-.._—__ 2 7,336.06 — — —.
Edmonton _.._. __ se CA 39,412.05 48,299.22 8,887.17 39,412.05
Fort Wayne - 3 21,118.60 26,084.18 4,965.58 21,118.60
Milwaukee _~--...___.. oil 9,080.07 10,106.53 2,016.53 8,090.00
Oak Park (President’s residence) _........ 1 14,798.47 7,680.00 1,315.92 6,344.08
Porto Alegre —.—__.___ 2 9,470.72 11,345.00 2,220.33 9,124.67
River Forest -————-—______-_____.--_ 5 54,988.77 69,006.43 14,017.66 54,988.77
St.Louis _ C8 45,239.89 51,847.00 9,036.71 42,810.29
- Seward a _ ae | 8,982.18 10,800.00 1,979.22 8,820.78
Garages ee _ 2,736.93 2,676.43 540.55 2,135.88
$222,724.74 $249,772.07 $47,345.95 $202,426.12
RECAPITULATION
Gross investment —-._-______. eae $222,724.74
Less rental payments, rents collected —......_______ —. $249,772.07
Interest paid _ 41,345.95 $202,426.12
Batance as of January 31, 1941 = $20,298.62

me garages were added at no |

Balance,
Jan. 31, 1941

$7,336.06

990.07
8,434.39
346.05
2,429.60
161.40
601.05

$20,298.62

srapeyy [eloueuly

wo
boi 4
oo