LCMS Convention Proceedings St. Louis, Missouri — 1929, Page 168

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168 Proceedings of Thirty-Fourth Regular Convention,

cient. He could. overcome some lost motion and a certain a
overlapping which now exists, but which cannot be correc
wise except by the expenditure of a relatively large sum
sional accountants and expert advisers. He could make Synod’s ;
ventory and maintain it. He could. be instrumental in perfeetin,
our: deed files. His collective knowledge would be of great aid Aa
preparing the annual budget. Finally, there would be an understudy
who would be qualified to perform the duties of the Financial Seere-
tary at any time. We therefore respectfully recommend the followi
resolutions to Synod for consideration and eventual adoption: —

Resolved, That the Board of Directors, in conjunction with the
Board of Auditors, employ a competent, well-qualified communicant
member of a member congregation of Synod as auditor and fix his
salary, which shall be paid out of the Synodical Treasury; and be it
furthermore

Resolved, That the auditor, under the direction of the Board of
Auditors, shall audit all departments of Synod; and be it furthermore
_ . Resolved, That the auditor shall perform such other duties as may
be assigned to him by the Board of Auditors, Synod’s Board of
Directors collaborating; and be it finally

Resolved, That the Board of Auditors shall have the privilege of
auditing, or causing an audit to be made, of any department of
Synod at any time, independent of the audits hereinbefore provided.

All previous resolutions of Synod not in accord with, or con-
trary to, these resolutions are hereby repealed.

Respectfully submitted by your
Boarb oF AUDITORS.
Ws. Lorrmann. O.E.Fiscuer. W.H. Roscuke.

mount of 4
ted other.
for Profes.

Action.

Synod took the following action regarding the report of the’ 4

Board of Auditors: —

As to Paragraph 3, the committee reported: “All boards, with the
exception of those of the seminaries at St. Louis and River Forest,
reported, and these reports were audited. We regret that the com-
mittees of audit of these institutions did not report, and we urge that
this be speedily done.” — Synod adopted this recommendation.

As to Paragraph 5, it was resolved, upon recommendation of the
committee, that such fidelity bonds be required.

As to Paragraph 6, the recommendation of the committee was
adopted “that Synod declare that the Treasurer of Synod, and he
alone, shall have the right to borrow money in the name of Synod,
and then only under specific authority and instruction of Synod’s
Board of Directors.”

Concerning Paragraphs 7 and 8 the following committee report
was adopted: —