# LCMS Convention Proceedings_St. Louis Missouri_1944_S302
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

302 Financial Matters

ACTION
This recommendation was adopted.

_ On paragraph 7, Committee 6 made the following recom-
mendation: °
Paragraph 7 reports that the Board of Directors, in conformity
with the resolution of the last synodical convention, has obtained
a new charter for Concordia Publishing House in place of the
charter which ‘expired May 27, 1941. The new charter is a per-
petual charter, . : oe
We recommend that this report be accepted,

ACTION
This recommendation ‘was adopted.

As to paragraph 8, Committee 11 submitted the following set
of resolutions:

Wuergas, The report of the Treasurer shows that by the‘ grace
of God the necessary funds to meet the requirements of the budget
were willingly contributed by our people, thus enabling us to avoid

. incurrence of debt; and
‘ Wuenreas, The Board of Directors has set aside the larger part
of the surplus from time to time as a “Postwar Fund”; and

Wuereas, The present amount in this “Postwar Fund,” in our
judgment, is wholly inadequate for the opportunities or emergencies
which may shortly present themselves; therefore be it

; Resolved

1. That we as a convention express our thanks to ‘Almighty
God for the bestowal of this grace upon our people; and

2, That we approve the action of the Board of Directors in
setting aside much of the surplus as a “Postwar Fund”; and

3. That we call the attention of our people to the inadequate
amount in the. “Postwar Fund” and encourage them to contribute
generously during this time of financial ability in order that this
fund be greatly increased.

ACTION
These resolutions were adopted. a

Pertaining to paragraph 9, Committee 11 reported:
Wuereas, The $50,000 appropriated by the 1941 convention of
Synod to provide suitable offices for the various departments of
_. Synod is wholly inadequate for the purpose; and
Wnereas, In the 21st meeting of the Board of Directors, May 15,
1944, we find the following recorded: “A discussion of the question