LCMS Commission on Constitutional Matters — Minutes St. Louis, Missouri — FEBRUARY 28, 1961, Page 5

Transcription machine transcription, uncorrected

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A brief had been submitted questioning the practicability, and perhaps

even the constitutionality, of this Atlantic District resolution (See Exhibit "D"),

It was suggested that Dr. Henry Wind, Executive Secretary of the Board
for Social Welfare, be invited to present his views. Dr. Wind did this at
some length and stated that he is basically in agreement with the Atlantic

District resolution.

Counselor Lawrence Meyer was invited to join the meeting and expressed
the opinion that the Atlantic District resolution created an area of unclearness
and may bring about a conflict of authority between the Synod's Board of

Directors and the Welfare Committee of the Atlantic District.
Some general discussion followed but the Board took no definite action.

Counselor Meyer now referred to the resolution adopted by the San
Francisco Convention authorizing that

“Yoans may be made from the Pension Fund to
incorporated congregations holding membership

in the Synod; such loans are to be secured by first
mortgages or first deeds of trust and to be made

on a sound investment basis or . uch other terms and
subject to such rules which may from time to time

be established by the Board of Directors for the

purpose of administering such loans taking into
consideration rate of return, ability to repay, and

value of security.'' (Pages 263-264, 1969 Proceedings. ).''

A rather detailed discussion developed during which the various steps
that had been taken to implement.this resolution were outlined. It was
recognized that the Synod's Board of Trustees had approached this entire

matter with a degree of hesitancy and that there was some uneasiness

in the Synod-at-large regarding the delay in carrying out this resolution.