Synodical Conference Convention Proceedings St. Louis, Missouri — 1928, Page 64

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64 Verhandlungen der einunddreißigſten Verſammlung

f) The purchasing congregation shall make a cash payment of
no less than 25 per cent. of the purchase price established according
to the procedure described in paragraph e) and shall enter into a
contract of sale with the Missionary Board, which contract shall
specify that the purchasing congregation agrees to make additional
payments at the rate of no less than 5 per cent. of the purchase price
per annum. This contract shall further specify that, after the pur-
chasing congregation shall have paid 50 per cent. of the purchase
price and shall have become entirely self-sustaining, as far as local
expenses and the pastor's salary or a proportionate part of such
pastor's salary is concerned, the Missionary Board shall deliver a
warranty deed conveying the property to the purchasing congrega-
tion, which warranty deed shall contain a clause preventing the said
congregation from selling the said property without the consent of
the Missionary Board, the purchasing congregation, in turn, giving
its note or notes, secured by a first mortgage covering the balance
of the purchase price. The notes secured by the first mortgage shall
require an annual payment on account equal to 5 per cent. of the
original purchase price.

g) During the life of the contract of sale the purchasing con-
gregation shall be held to keep the property in a reasonable state
of repair.

h) Any and all general and special taxes levied after the date
of the contract of sale shall be paid by the purchasing congregation.

On motion of Rev. Herman Meier, which was seconded by Rev.
H. Daib, this resolution was adopted.

Atlanta, Ga.

WHEREAS, The Missionary Board of the Evangelical Lutheran
Synodical Conference of North America for Missions among the
heathen and the Negroes, of St. Louis, Missouri, hereinafter termed
the Missionary Board, has entered into a contract with Aiken &
Faulkner, of Atlanta, Georgia, hereinafter termed the contractors,
to erect a chapel in Atlanta, Georgia; and

WHEREAS, One of the terms of the said contract provides that
the said contractors shall receive a warranty deed on certain de-
scribed property in Atlanta, Georgia, as part payment for the faithful
execution of their contract; therefore be it

Resolved, That we approve the action of the said Missionary
Board in entering into said contract with the said contractors; and
be it further

Resolved, That we authorize and instruct the said Board for
Colored Missions, and it is hereby authorized and instructed, to
convey to the said contractors, by warranty deed, title to the fol-
lowing described property: —

All those two certain lots of land situate, lying, and being in
land lot 87 of the 14th District of Fulton County, Georgia, and being
known as lots number fifteen (15) and sixteen (16) in Block “H”
of what is known as the Lamar & Swift property, as same appears on
record in deed book C-3-514-½, said lots beginning at the southeast
corner of said lot No. 16, at the intersection of Garibaldi and Amy
streets, and running west one hundred (100) feet to stake, thence
north one hundred (100) feet to stake, thence east along the line of
lot No. 14 one hundred (100) feet to Garibaldi Street one hundred

64 Proceedings of the thirty-first convention
[Printed in English.]

f) The purchasing congregation shall make a cash payment of
no less than 25 per cent. of the purchase price established according
to the procedure described in paragraph e) and shall enter into a
contract of sale with the Missionary Board, which contract shall
specify that the purchasing congregation agrees to make additional
payments at the rate of no less than 5 per cent. of the purchase price
per annum. This contract shall further specify that, after the pur-
chasing congregation shall have paid 50 per cent. of the purchase
price and shall have become entirely self-sustaining, as far as local
expenses and the pastor's salary or a proportionate part of such
pastor's salary is concerned, the Missionary Board shall deliver a
warranty deed conveying the property to the purchasing congrega-
tion, which warranty deed shall contain a clause preventing the said
congregation from selling the said property without the consent of
the Missionary Board, the purchasing congregation, in turn, giving
its note or notes, secured by a first mortgage covering the balance
of the purchase price. The notes secured by the first mortgage shall
require an annual payment on account equal to 5 per cent. of the
original purchase price.

g) During the life of the contract of sale the purchasing con-
gregation shall be held to keep the property in a reasonable state
of repair.

h) Any and all general and special taxes levied after the date
of the contract of sale shall be paid by the purchasing congregation.

On motion of Rev. Herman Meier, which was seconded by Rev.
H. Daib, this resolution was adopted.

Atlanta, Ga.

WHEREAS, The Missionary Board of the Evangelical Lutheran
Synodical Conference of North America for Missions among the
heathen and the Negroes, of St. Louis, Missouri, hereinafter termed
the Missionary Board, has entered into a contract with Aiken &
Faulkner, of Atlanta, Georgia, hereinafter termed the contractors,
to erect a chapel in Atlanta, Georgia; and

WHEREAS, One of the terms of the said contract provides that
the said contractors shall receive a warranty deed on certain de-
scribed property in Atlanta, Georgia, as part payment for the faithful
execution of their contract; therefore be it

Resolved, That we approve the action of the said Missionary
Board in entering into said contract with the said contractors; and
be it further

Resolved, That we authorize and instruct the said Board for
Colored Missions, and it is hereby authorized and instructed, to
convey to the said contractors, by warranty deed, title to the fol-
lowing described property: —

All those two certain lots of land situate, lying, and being in
land lot 87 of the 14th District of Fulton County, Georgia, and being
known as lots number fifteen (15) and sixteen (16) in Block “H”
of what is known as the Lamar & Swift property, as same appears on
record in deed book C-3-514-½, said lots beginning at the southeast
corner of said lot No. 16, at the intersection of Garibaldi and Amy
streets, and running west one hundred (100) feet to stake, thence
north one hundred (100) feet to stake, thence east along the line of
lot No. 14 one hundred (100) feet to Garibaldi Street one hundred