Collection › LCMS Convention Proceedings (St. Louis, Missouri) › 1935 · 36th Convention, Cleveland › Page 209

LCMS Convention Proceedings St. Louis, Missouri — 1935, Page 209

Scan: The Lutheran Church—Missouri Synod

Transcription machine transcription, uncorrected

Ev. Luth. Synod of Missouri, Ohio, and Other States. 1935. 209

for our Foreign Mission fields in China and India as well as in other
countries that may be added.

9. The Board shall appoint representatives from the clergy for
each synodical District, whose business it shall be to keep themselves
informed on our Foreign Mission work and to report on this work
at District conventions and conferences,

All former regulations inconsistent herewith are to be considered

rescinded. Action of Synod.

These regulations were adopted.

Regulations for the Investment Committee.

Synod’s Board of Directors had asked Synod to ratify the fol-
lowing regulations for the Investment Committee: —

“1. Synod’s Investment Committee shall consist of five lay mem-
bers, to be elected by the Board of Directors in the first meeting of
its triennium.

“2, The period of service shall be three years or until successors
have qualified for office. ,

“3. In the first meeting of every triennium this committee shall
organize by electing a chairman, a vice-chairman, and a secretary,
each to perform the duties assigned to such officers.

“4. This committee shall hold regular meetings and as many
special meetings as may become necessary.

“5. The main business of this committee shall be to exercise
supervision over all investments with respect to purchases and sales
made by Synod’s Treasurer, who will not be allowed to make any
new investments except upon approval of this committee and who is
to regard as orders the decisions of this committee with respect to
investments already in his portfolio. This makes it a duty of this
committee that its members keep posted on Synod’s investment
portfolio with reference to market fluctuations.

“6. The committee shall establish, and from time to time amend,
a general policy governing the type and the relative diversification of
Synod’s investments.

“7, The committee, through its chairman and its secretary, shall
approve every voucher on the basis of which any authorized purchase
of investments shall be made by the Treasurer. Acquisitions of in-
vestments coming to Synod by way of gifts or inheritance must be
covered by a similar voucher, although the committee cannot be held
responsible for the marketability or desirability of such donated

7 ”
items. Action of Synod. |

Upon recommendation of Committee 15 these regulations’ were
adopted.
14