LCMS Commission on Constitutional Matters — Minutes St. Louis, Missouri — February 7, 1964, Page 10

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"c. Special Offerings

"1. The Board of Directors, in the event of special circumstances, shall
recommend to the Fiscal Review Commission the need of a special offering.

"2. The Board of Directors alone may authorize the solicitation of funds
by any synodical agency, provided that the income from such solicitation be
part of its budget as established by the Fiscal Review Commission.

"3. The Board of Directors shall regulate the collection of moneys from
congregations and in the Synod at large beyond the confines of any one District
in accordance with policies adopted by the Synod. No individual congregation,
or private organization shall solicit moneys in the Synod at large without the
consent of the Board of Directors. This rule shall not be construed to inter-
fere with District or local financial undertakings, provided that the collection
of moneys shall be confined to the District or the respective area."

"2.67 Property Duties

“a. The Board of Directors shall have charge of all the Synod's real and per-
sonal property and shall hold and manage such property in accordance with the
instructions of the Synod. Title to all such property shall be taken in the name
of the Synod under its corporate title, except in cases where the property to be
acquired is to be purchased for the use or benefit of a seminary or college which
has been separately incorporated under the synodical resolution of 1935 and to
which corporation the present real estate holdings have been conveyed with the
necessary reversionary clause.

"b. The Board of Directors shall, in accordance with the regulations of the
Synod, authorize the purchase of property or the erection of buildings on property
owned or controlled by the Synod.

"c. The Board of Directors shall have final responsibility for the construc-
tion and location of new buildings and for major remodeling. As a Board or
through its representative it shall approve all plans and the location of any
buildings erected on properties belonging to the Synod. It is directly responsible
for all legal aspects of such operations.

"d. The Board of Directors, at a time when it believes the best interests
of the Synod will be served, shall authorize the initiation of specific projects
relating to the establishment of new institutions, the relocation of old insti-
tutions, the erection of new buildings, extensive remodeling, or the purchase,
lease, or sale of property.

"e. The Board of Directors in all cases of management of property not under
its direct jurisdiction shall consider the advice and recommendation of the responsi-
ble synodical agency.

"£. The Board of Directors shall require the maintenance of an inventory of
all property of the Synod.

"g. The Board of Directors shall be authorized and empowered to sell, barter,
exchange, or trade any property not adjacent to or a part of any of the Synod's