Collection › LCMS Convention Proceedings (St. Louis, Missouri) › 1935 · 36th Convention, Cleveland › Sheet 254
LCMS Convention Proceedings St. Louis, Missouri — 1935, Sheet 254

Scan: The Lutheran Church—Missouri Synod
Transcription machine transcription, uncorrected

Evy. Luth. Synod of Missouri, Ohio, and Other States. 1935. 947

theix students a year longer. This was considered a compulsory ar-
rangement, the faculties being authorized to deal with exceptional
cases.

8. Synod had instructed the Board to make the necessary adjust-
ments in salaries. (Proceedings, 1932, p. 206f.). The state of our
finances made it necessary to carry out this resolution. A cut in
salaries amounting to 25 per cent. was made, thus saving Synod the
amount of $99,000 as compared with 1931; it must be borne in mind,
however, that some vacancies in professorships have not been filled.

4, Synod had empowered the Board to make all necessary adjust-
ments in expenses (Proceedings, 1932, p.207). A considerable saving
was effected by temporarily transferring certain current expense
{tems of the various institutions to the local boards, to be paid out
of their household funds, thus saving Synod the amount of $103,994.79
as compared with 1931.

5. The question of admitting new students to the seminary at
Porto Alegre only every third year was gone into, with the result that
the arrangement of receiving new students every second year was
retained. No new professorship for the pedagogical department was
found necessary. ;

6. After trying for seven years to sell the old Seminary at
St. Louis, while taxes and repairs plus insurance were costing us
a considerable amount, the property was sold to Holy Cross Church
of St. Louis for $25,000.

4. The local Board of Control at Bronxville repeatedly came in
with the request that their institution be incorporated separately.
The urgency of this request at the present time was based on the
contention that the institution is in grave danger of being heavily
taxed as a foreign corporation unless at Jeast the necessary preliminary
steps are taken to effect this incorporation. Competent legal advice
was secured. The Board of Control of the Bronxville Institute was
authorized to make application for a charter in the form in which
such application was submitted to the Board, but with several changes
suggested by our legal advisers. The report of the Committee on
Incorporation Matters has a bearing on this question, and representa-
tives of the institution will be present to give all further information
necessary. If Synod decides against such a separate incorporation,
the application can be withdrawn.

8. From time to time the question arises whether it would not
be advisable to dispose of some of our real-estate holdings jn connec-
tion with our college properties. The questionnaire sent out to
ascertain whether there are such unused pieces of property and
whether in the opinion of the local boards any part of our real-estate
holdings should be sold, brought forth replies which indicated that,
aside from the fact that this would not be an advantageous time to
sell property, there were local reasons, often amounting to positive