Collection › LCMS Convention Workbook (St. Louis, Missouri) › 1981 · 54th Convention › Page 118
LCMS Convention Workbook St. Louis, Missouri — 1981, Page 118

Scan: The Lutheran Church—Missouri Synod
Transcription machine transcription, uncorrected

11a

TASK FORCE

president of the institution and responsible to him.
The business manager shall keep accurate accounts
of all moneys, goods, property, and assets entrusted
to his care. He shall regularly deposit all moneys of
the institution and its agencies in a bank or banks
designated by the Board of Control, submit his books
and records for inspection and audit, and for the
faithful performance of his duties furnish bond to the
Synod in such amount as shall be determined by the
synodical Board of Directors and at its expense.

f. The Board of Control shall be responsible for
the condition of the physical property of its respective
institution and shall operate, manage, control, and
supervise the property. grounds, buildings. and
equipment. and keep them in good repair and
efficiency. It shall submit reports regarding property
and maintenance annually. or on request. to the
Board for Higher Education for referral to the Board
of Directors as custodians of the Svnod's property.

g. The Board of Control shall carefully supervise
the collection and disbursement of all funds raised by
students for student activities. as well as the funds
derived from the college store and other agencies and
sources.

h. The Board of Control may appoint. or cause to
be appointed or elected. standing or special com-
mittees consisting of its members or of any other
persons qualified to participate in the designated
activity of the committee.

6.37 Relation to the Synod and Legal Capacity

a. Each Board of Control shall operate and
manage its institution as the agent of the Synod, in
which ownership is primarily vested and which
exercises its control through the Board of Directors as
custodians of the Synod’s property. the Board for
Higher Education, and the respective Board of Con-
trol. All matters which according to synodical regu-
lations require the attention of any board, agency, or
officer of the Synod shall be submitted to the Board
for Higher Education for referral to the appropriate
board. agency. or officer.

b. Each Board of Control shall constitute the
governing body of its respective institution. It shall
constitute the body corporate of such institution and
shall be vested with all powers which its members
may exercise in law either as directors, trustees, or
members of the body corporate, unless in conflict
with the laws of the domicile of the institution or its
articles of incorporaton. In such event the Board of
Control shall have power to perform such acts as may
be required by law to effect the corporate existence of
the institution.

c. Each Board of Control of an institution, or the
body corporate thereof, shall receive all grants, gifts,
devises, and bequests. either by deed or will or
otherwise made to such institution. Report and de-
livery thereof shall be promptly made to the Treasurer
of the Synod or such other person as may be desig-
nated by the Board of Directors. If delivery is pre-
cluded by law or the terms of the grants, gifts. devises,
and bequests. the Board of Control shall hold and
administer the same, in accordance with the terms of
the instrument creating such gift. under the direction
of the Board of Directors of the Synod.

d. Each Board of Control of an institution, or the
body corporate thereof. shall let all contracts and
assume all financial obligations and contractual
responsibilities in the name of its respective institu-
tion and shall supervise and control the execution
thereof under the direction of the Board for Higher
Education, which is responsible to the Board of
Directors of the Synod for the discharge by each
Board of Control of its responsibilities in these
operations, except that the Board of Directors is at all
times directly responsible for all legal aspects of such
operations.

and audit, and, at the Synod's expense, furnish
appropriate bond for the faithful performance of his
duties;

f. be responsible for the physical property.
grounds. buildings, and equipment and keep them in
good repair:

g. supervise the collection and disbursements of
all funds raised by students for student activities:

h. operate and manage the institution as the
agent of the Synod, in which ownership is primarily
vested and which exercises its ownership through the
Board of Directors as custodian of the Synod’s prop-
erty, the Board for Professional Education, and the
respective Board of Regents as the local governing
body. All matters which according to synodical regu-
lation require the attention of any board, agency, or
officer of the Synod shall be submitted to the Board
for Professional Education for referral to the appro-
priate recipient;

i. be the governing body corporate of the institu-
tion and be vested with all powers which its members
may exercise in law either as directors, trustees. or
members of the body corporate, unless in conflict
with the laws of the domicile of the institution or its
articles of incorporation; in such event the Board of
Regents shall have power to perform such acts as
may be required by law to effect the corporate
existence of the institution:

j. receive all gifts either by deed or will or otherwise
made to the institution and deliver same promptly to
the Treasurer of the Synod or such other person as
may be designated by the Board of Directors. If
delivery is precluded by law or the terms of the gift.
the Board of Regents shall hold and administer the
same, in accordance with the terms of the instrument
creating such gift and in accordance with the policies
of the Board of Directors of the Synod;

k. acquire, maintain, and sell property under
policies established by the Board of Directors and
with the approval of the Board for Professional
Education: