LCMS Convention Proceedings St. Louis, Missouri — 1965, Page 91

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“8.109 Duties of Board
~ he Church Extension Board shall —

a. administer the Synod’s Church Extension Fund and
grant loans in accordance with the Synod’s loan regulations
(see 8.119);

b. promote and maintain an adequate fund to assist the
Synod, synodical boards, Districts, and congregations with
loans to provide sites and facilities for expansion;

c. establish policies with respect to the making of loans
and the type of security required, taking into consideration
the financial status of the organization to which the loan
js being made and the circumstances of the loan;

d. expend funds in acquisition of sites for long-range
planning and future use;

e. establish policies for loan repayments to maintain the
program on a revolving basis;

f. establish policies and programs for maintaining, super-
vising, and enlarging the Church Extension Fund on a
sound financial basis;

g. study and review the monthly financial statement to
assure security and safety of the program;

h. periodically review financial statements of all District
church extension funds;

i. through its Executive Secretary confer with Districts
in cooperatively promoting church extension funds and
seeking greater uniformity in the policies and programs
of the Synod and the Districts;

i. send a copy of its minutes to the President, the First
Vice-President, the appropriate committee of the Board of
Directors of the Synod, the Executive Director, the Con-
troller, the Treasurer’s office, the chairman of the Division
of Missions, and the Board for North American Missions;

k. include a complete financial statement in its report
to the Synod, including money borrowed and received, the
total amounts of loans outstanding, and the amounts delin-
quent in each District.

8.111 Executive Secretary

_ a. The board shall appoint an Executive Secretary, sub-
ject to the approval of the President of the Synod. He shall
perform such duties as are assigned to him by the board.

b. The board shall be empowered, subject to a resolution
of a synodical convention or approval by the Synod’s Board
of Directors, to make such staff appointments as may be
necessary for a proper administration and program. Staff
appointments shall also be subject to the approval of the
President of the Synod.

c. Salaries of personnel shall be paid from the income
of the Church Extension Fund. P °°

8.113 Treasurer of the Synod as Depositary
(Omit)

8.115 The Fund

a. The Church Extension Fund is a permanent fund
from which loans or expenditures can be made to acquire
sites and erect facilities.

MISSIONS 91

OLD

8.109 Duties of Board

The Church Extension Board shall —

a. administer the Synod’s Church Extension Fund and
grant loans in accordance with the Synod’s loan regulations
(see 8.119);

b. promote and maintain an adequate fund to assist Dis-
trict and synodical mission boards with loans in their mis-
sion expansion program beyond their own financial ability;

c. study District loan application requests and allocate
necessary funds as loans to make possible the acquisition
of sites and/or the construction of facilities for parish build-
ing programs;

d. approve repayment schedules to borrowing Districts
and boards so as to provide for loan repayments in order
that the Church Extension Fund revolves in a lending
rather than a spending cycle;

e. establish the necessary policies for maintaining, super-
vising, and enlarging the Church Extension Fund on a sound
financial basis so that financial assistance during our pro-
jected mission expansion is possible;

f. study and review the monthly financial statement in or-
der to assure the financial security and safety of the pro-
gram; also periodically review the financial statements of
all District church extension funds;

g. through its Executive Secretary confer, review, and
agree with the Treasurer’s office on matters pertaining to
Church Extension administration;

h. strive for greater uniformity in policy and program of
all District church extension boards or committees;

i. assist the Districts in cooperatively promoting the
church extension funds;

j. send a copy of its minutes to the President, the First
Vice-President, Committee No.1 of the Board of Directors,
the Executive Director, the Controller, the Treasurer’s office,
the Secretary of Missions, and members of the Board for
North American Missions;

k. include a complete financial statement in its report
to the Synod, including money borrowed, received, the total
amounts of loans outstanding, and the amounts delinquent
in each District.

8.111 Executive Secretary

a. The Church Extension Board shall appoint an Execu-
tive Secretary, subject to the approval of the President of
the Synod. He shall perform such duties as are assigned
to him by the board.

b. The board shall be empowered, subject to a resolution
of a synodical convention or approval by the Synod’s Board
of Directors, to make such staff appointments as may be
necessary for a proper administration and program. Ss
appointments are subject also to the approval of the Presi-
dent of the Synod.

c. Salaries of personnel are to be paid from the income
of the Church Extension Fund.

8.113 Treasurer of the Synod as Depositary

a. The Treasurer of the Synod shall be the depositary
of the Church Extension Fund and custodian of its assets.

b. The Treasurer’s office shall receive the collections, do
the essential accounting, and make a monthly report to the
board.

c. The Treasurer’s office and the Church Extension Board
shall discuss and agree on policies and programs of loans,
withdrawals, reserves, and investments. Policies shall have
the approval of the Board of Directors.

d. The Treasurer of the Synod shall be an ex officio
member of the Church Extension Board.

8.115 The Fund

a. The Church Extension Fund is a permanent fund
from which loans may be made to erect or purchase
churches, schools, parsonages, and teacherages or to acquire