Synodical Conference Convention Proceedings St. Louis, Missouri — 1950, Page 105

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Ev. Luth. Synodical Conference of North America. 1950 105

committee shall perform such analytical functions and make its recom-
mendations to the College Board, which in turn will communicate with
the Missionary Board.

5. The College Board, upon recommendation by the President, shall,
with the consent of the Missionary Board, appoint the necessary instruc-
tors not required to be called,

6. The Synodical Conference reserves to itself the power to create
or abolish any administrative or teaching position at the institution. It
determines the manner of filling such positions, determines the required
qualifications, and designates the status of the incumbents: or it delegates
any or all these powers to the Missionary Board; or revokes the same,
notwithstanding any provisions contained in these regulations.

VI. Finances

1. The Missionary Board shall establish and prescribe, on the basis
of generally accepted educational practice, accounting methods, financial
controls, budgetary classifications, and allocations for operating income
and costs and for capital investments of the institution.

4. The College Board in the month of July of each year shall prepare
and submit to the Missionary Board a detailed estimate of the income,
costs of operation, replacement of equipment, and allowances for con-
tingencies, . .

3. The College Board, in the month of January ‘preceding the biennial
convention of the Synodical Conference, shall submit to the Missionary
Board recommendations for major repairs, capital improvements, and
expansion: of the physical plant and the expansion of its educational
facilities for the succeeding biennium. After due consideration thereof
the Missionary Board shall submit the same with its recommendation
to the President of the Synodical Conference for action by the biennial
convention.

4, The Missionary Board shall give notice to the College Board of
any objection to, or of a proposed change in, the budget, either operating
or capital investment, submitted by the College Board. It shall upon
request give a hearing to the College Board with reference to the
objections or changes, respectively, prior to transmitting the same to
the President of the Synodical Conference: ;

5. The College Board shall let all contracts and assume all financial
obligations and contractual responsibilities in the name of the institution
and shall supervise and control the execution thereof on behalf ‘of and
by order of the Missionary Board in which the control of the property is
vested. The College Board cannot enter upon any contractual relations
or assume financial obligations beyond the sum stipulated in its Regula-
tions without the consent of the Missionary Board, .

In our report of 1948 it was stated that “we have had no time
to devote to a study of the curriculum of I. L. C., to ascertain its
aim.” During the past biennium the College Board also devoted
almost all of its time to the physical properties. However, we so-
licited the interest of the Executive Secretary of the Board for
Higher Education of The Lutheran Church — Missouri Synod; Pro-
fessor Martin J. Neeb of Chicago, who has many years of experience
in the educational field as related to institutions of our Church.
He visited I.L.C. March 29 and 30, 1950, and gave us the benefit
of his observations. The faculty, the instructors, the students, and
the acting president contributed freely and readily to his findings.
These were submitted to the Missionary Board. We are indebted
to Professor Neeb for the manner in which he explored the situa-_

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