LCMS Convention Proceedings St. Louis, Missouri — 1962, Sheet 149

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FINANCE AND STEWARDSHIP 149

Report of Board of Trustees of the Synod’s
Trust Funds
RESOLUTION 11-04

Report 803, pp. 326—328, Reports and Memorials

Wuereas, The Board of Trustees of the Synod’s Trust
Funds has rendered continued valuable service in man-
aging, investing, and conserving these funds; there-
fore be it

Resolved, That the Synod express its gratitude to the
members of this board for the conscientious discharge
of their assignments; and be it further

Resolved, That the Synod accept the report of the
Board of Trustees of the Synod’s Trust Funds.

Action: This resolution was adopted.

To Authorize Appointing Other Than
U.S. Citizens as Trustees, etc.
RESOLUTION 11-05

Report 803, pp. 326—328, Reports and Memorials

Wuereas, Canadian law now requires that pension
fund contributions received from Canadian employees
and employers be invested almost entirely in Canadian
securities and that these securities and moneys be
domiciled in Canada; and

Wuereas, Such funds must be controlled in Canada
or by Canadian citizens; and

Wuereas, The international character of The Lu-
theran Church — Missouri Synod may require similar
arrangements in other countries; therefore be it

Resolved, That the Board of Directors of The Lu-
theran Church — Missouri Synod, under authority
granted in section 2.75 of the Handbook, and the Treas-
urer, as trust officer under section 2.53 of the Handbook,
be hereby authorized and empowered to appoint trus-
tees, either private or corporate, other than United
States citizens when necessary for the best interests of
the participants and beneficiaries of the Synod’s pension
funds; and be it further

Resolved, That the Board of Directors and the Treas-
urer of The Lutheran Church — Missouri Synod be au-
thorized and empowered to execute trust agreements
when deemed necessary to carry out this resolution.

Action: This resolution was adopted.

Report of the Pension Fund Accounting
Department
RESOLUTION 11-06
Report 809, pp. 344, 345, Reports and Memorials

Resolved, That the Synod express its gratitude to
this department for its continued faithful service; and
be it further

Resolved, That the Synod accept the report of the
Pension Fund Accounting Department.

Action: This resolution was adopted.

Corporate Stewardship
RESOLUTION 11-07

Report 804, Recommendation I, p. 334,
Reports and Memorials

Resolved, That Recommendation I (“Corporate
Stewardship”) of the Board and Staff of the Department
of Stewardship, Mission Education, and Promotion be
adopted as it appears on page 334 of Reports and Me-
morials.

Action: This resolution was adopted.

Note: The recommendation reads as follows:

Corporate Stewardship

Wuereas, The Lord of the church establishes Chris-
tian congregations through His Word and sacrament;
and

Wuereas, The Lord of the church in His Word has
determined the very purposes for which He has called
congregations into being; and

Wuereas, The offerings of His people are given to
Him —and are to be used for Him by His people as
a sacred trust —for the very purposes for which He has
gathered them into congregations; and

Wuereas, The proper use of these offerings calls for
a searching out of God’s will which should reflect itself
in an adequate division of these offerings, giving the
basic essentials of Kingdom work the priorities due
them; and

Wuereas, This requires consecrated judgment and
decisions on: the part of responsible congregational lead-
ers in spending the moneys given by their people to
God (the establishment of God-pleasing budgets, long-
range planning, etc.); and

Wuereas, Many congregations from time to time ask
the Stewardship Department for counsel and materials
in the area of corporate stewardship; therefore be it

Resolved, That the Synod’s Stewardship Department
prepare such necessary helps as will enable our con-
gregations the more to fulfill their corporate steward-
ship privileges and obligations; and be it further

Resolved, That the congregations avail themselves
of these helps when and where needed, including the
counsel of their District and circuit stewardship leaders.

Mission Education

RESOLUTION 11-08
Report 804, Recommendation Il, pp. 334, 335,
Reports and Memorials

Resolved, That Recommendation II (“Mission Edu-
cation”) of the Board and Staff of the Department of
Stewardship, Mission Education, and Promotion as it
appears on pages 334 and 335 of Reports and Memorials
be adopted.

Action: This resolution was adopted.

Nore: The recommendation reads as follows: