Synodical Conference Convention Proceedings St. Louis, Missouri — 1928, Page 66

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66 Verhandlungen der einunddreißigſten Verſammlung

Furthermore we recommend that the book Half a Century of
Lutheranism Among Our Colored People be used as a premium to
enlarge the circulation of these periodicals and that this book be given
as a premium to such as pay their subscription in advance for three
years or send in the price for three new subscriptions for the Mis-
sionstaube or the Lutheran Pioneer.

Adopted.

Donors to Our Colored Missions.

Your Committee recommends that the Synodical Conference take
cognizance of large and special gifts given toward colored mission-
work and that the Secretary be instructed to write to such donors
a letter of thanks and appreciation.

Adopted.

Building Operations.

WHEREAS, We have been impressed with the urgent and im-
mediate need of certain sites and buildings in Colored Missions, and

WHEREAS, To pursue a policy of waiting with the acquisition
of sites and the erection of buildings until the necessary moneys are
at hand would unduly retard the progress of, and be detrimental to,
our Colored Missions; and

WHEREAS, Several of our constituent synods are opposed to special
drives, or campaigns, at the present time; and

WHEREAS, Hence, it appears expedient that we authorize the bor-
rowing of the necessary moneys and amortize the debt thus created;
therefore be it

Resolved, That we authorize and instruct the Missionary Board
of the Synodical Conference, and it is hereby authorized and in-
structed, to purchase such properties and erect such buildings as are
or may be authorized by this convention; and be it further

Resolved, That the order and sequence in which, and the time
at which, these properties shall be purchased and these buildings shall
be erected be left to the judgment and discretion of the Missionary
Board of the Synodical Conference; and be it further

Resolved, That we authorize and instruct the Missionary Board
of the Synodical Conference, and it is hereby authorized and in-
structed, to borrow a sum of money not in excess of $218,100 at a
commission of not more than 5 per cent. and at an annual interest
rate of not more than 5½ per cent., with which sum of money thus
borrowed it shall purchase the properties and erect the buildings
authorized by this convention; and be it further

Resolved, That we authorize the Missionary Board of the Synod-
ical Conference, and it is hereby authorized, to give its note(s) or
bond(s) as security for the loan hereinbefore provided, which promis-
sory note(s) or bond(s) shall provide for annual repayments of no
less than 10 per cent. of the original loan; and be it finally

Resolved, That we authorize the Missionary Board of the Synod-
ical Conference, and it is hereby authorized, to execute such deeds of
trust on the properties owned by the Missionary Board of the Synod-
ical Conference as the holder(s) of the promissory note(s) or
bond(s) hereinbefore authorized may require.

On motion of Rev. F. A. Hertwig, which was seconded by Rev.
C. C. Koessel, this resolution was adopted.

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

Furthermore we recommend that the book Half a Century of
Lutheranism Among Our Colored People be used as a premium to
enlarge the circulation of these periodicals and that this book be given
as a premium to such as pay their subscription in advance for three
years or send in the price for three new subscriptions for the Mis-
sionstaube or the Lutheran Pioneer.

Adopted.

Donors to Our Colored Missions.

Your Committee recommends that the Synodical Conference take
cognizance of large and special gifts given toward colored mission-
work and that the Secretary be instructed to write to such donors
a letter of thanks and appreciation.

Adopted.

Building Operations.

WHEREAS, We have been impressed with the urgent and im-
mediate need of certain sites and buildings in Colored Missions, and

WHEREAS, To pursue a policy of waiting with the acquisition
of sites and the erection of buildings until the necessary moneys are
at hand would unduly retard the progress of, and be detrimental to,
our Colored Missions; and

WHEREAS, Several of our constituent synods are opposed to special
drives, or campaigns, at the present time; and

WHEREAS, Hence, it appears expedient that we authorize the bor-
rowing of the necessary moneys and amortize the debt thus created;
therefore be it

Resolved, That we authorize and instruct the Missionary Board
of the Synodical Conference, and it is hereby authorized and in-
structed, to purchase such properties and erect such buildings as are
or may be authorized by this convention; and be it further

Resolved, That the order and sequence in which, and the time
at which, these properties shall be purchased and these buildings shall
be erected be left to the judgment and discretion of the Missionary
Board of the Synodical Conference; and be it further

Resolved, That we authorize and instruct the Missionary Board
of the Synodical Conference, and it is hereby authorized and in-
structed, to borrow a sum of money not in excess of $218,100 at a
commission of not more than 5 per cent. and at an annual interest
rate of not more than 5½ per cent., with which sum of money thus
borrowed it shall purchase the properties and erect the buildings
authorized by this convention; and be it further

Resolved, That we authorize the Missionary Board of the Synod-
ical Conference, and it is hereby authorized, to give its note(s) or
bond(s) as security for the loan hereinbefore provided, which promis-
sory note(s) or bond(s) shall provide for annual repayments of no
less than 10 per cent. of the original loan; and be it finally

Resolved, That we authorize the Missionary Board of the Synod-
ical Conference, and it is hereby authorized, to execute such deeds of
trust on the properties owned by the Missionary Board of the Synod-
ical Conference as the holder(s) of the promissory note(s) or
bond(s) hereinbefore authorized may require.

On motion of Rev. F. A. Hertwig, which was seconded by Rev.
C. C. Koessel, this resolution was adopted.