LCMS Convention Proceedings St. Louis, Missouri — 1979, Page 125

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RESOLUTIONS

Fund;

b. promote and maintain an adequate fund to
assist the Synod, synodical boards, Districts, and
congregations with loans to provide sites and facili-
ties for expansion;

c. establish policies with respect to the making of
loans and the type of security required, taking into
consideration the financial status of the organization
to which the loan is being made and the circum-
stances of the loan;

d. expend funds in acquisition of sites for long-
range planning and future use;

e. establish policies for loan repayments to main-
tain the program on a revolving basis;

f. establish policies and programs for maintain-
ing, supervising, and enlarging the Church Exten-
sion Fund on a sound financial basis;

g. study and review the monthly financial state-
ment to assure security and safety of the program;

h. periodically review financial statements of all
District church extension funds;

i. through its Executive Secretary confer with
Districts in cooperatively promoting church exten-
sion funds and seeking greater uniformity in the
policies and programs of the Synod and the Districts;

j. include a complete financial statement in its
report to the Synod, including money borrowed and
received, the total amounts of loans outstanding, and
the amounts delinquent in each District.

8.59 Executive Secretary

a. The board shall appoint an Executive Secre-
tary, subject to the approval of the President of the
Synod. He shall perform such duties as are assigned
to him by the board.

b. The board shall be empowered, subject to a
resolution of a synodical convention or approval by
the Synod’s Board of Directors, to make such staff
appointments as may be necessary for a proper
administration and program. Staff appointments
shall also be subject to the approval of the President
of the Synod.

c. Salaries of personnel shall be paid from the
income of the Church Extension Fund.

8.61 The Fund

a. The Church Extension Fund is a permanent
fund from which disbursements are made for loans
and/or expenditures for the purpose of acquiring
anticipated church sites and erecting parish facilities
for expansion, for renovation and improvement of
church facilities, refinancing of congregations’
existing capital indebtedness, and short-term loan
assistance to Districts for mortgage and construction
loan needs.

b. The fund shall be increased—

1. through the synodicai budget;

2. by special Synodwide offerings;

3. by gifts, bequests, and devises;

4. by commercial loans arranged by the Board of
Directors of the Synod;

5. through promotional programs among the
constituency.

8.63 Loans

a. Loans may be made at the discretion of the
board to synodical boards, Districts, and congre-
gations in conformity with the objectives and func-
tions of the Church Extension Department and autho-
rization indicated in Section 8.57 a to f.

b. The amount of the loan shall be determined by

125

operate with respect to the making of loans and the
type of security required, taking into consideration
the financial status of the organization to which the
loan is being made and the circumstances of the loan;
___b. establish policies and programs for maintain-
ing, supervising, and enlarging the District Church
Extension Funds on a sound financial basis;

c. periodically review financial statements of all
District Church Extension Funds;

d. confer with Districts in cooperatively pro-
moting Church Extension Funds and seeking greater
uniformity in the policies and programs of the Dis-
tricts; and

e. include a complete financial statement of Dis-
trict funds in its report to the Synod, including money
borrowed and received, the total amounts of loans
outstanding, and the amounts delinquent in each
District.

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