. Missionary Visitor, The (1904). ing the matter pre-sented in a sermon feel like giving. Itis to be hoped that each elder and pastorwill see that this is carried out and letthere be a response from as many con-gregations as possible: 42o THE MISSIONARY VISITOR [October, 1904 For the purpose of assisting in build-ing meetinghouses as hereinafter pro-vided there shall be set apart and per-petuated a fund known as the ChurchExtension Fund of the General Mission-ary and Tract Committee. Providing for the Fund. This fund shall consist of— 1. All money due the Committee onloans made previous to Apr
. Missionary Visitor, The (1904). ing the matter pre-sented in a sermon feel like giving. Itis to be hoped that each elder and pastorwill see that this is carried out and letthere be a response from as many con-gregations as possible: 42o THE MISSIONARY VISITOR [October, 1904 For the purpose of assisting in build-ing meetinghouses as hereinafter pro-vided there shall be set apart and per-petuated a fund known as the ChurchExtension Fund of the General Mission-ary and Tract Committee. Providing for the Fund. This fund shall consist of— 1. All money due the Committee onloans made previous to April 1, 1903, onmeetinghouses, known on the Commit- 3. No loan shall be made to anychurch which has-not been incorporated,and which does not hold the title to itsproperty in fee-simple, and unincum-bered otherwise than to this Committee. Provisions before Payment. In the case of all such loans the fol-lowing provisions shall be made: 1. Satisfactory proof shallbe given asto title to the property by which the loanis to be St. Francis Church, Arkansas. tees books as the Meetinghouse BillsReceivable Account. 2. Donations made from time to time. 3. A special collection made on thefirst Sunday in October, or as soonthereafter as possible. On this occasiona suitable sermon shall be preached, set-ting forth the needs and importance ofthe church extension work. Conditions of Loaning. 1. Loans shall be made only to suchchurches as give promise to permanentlife and strength. 2. No loan shall ordinarily exceed one-third the value of the lot and house. 2. The loan shall be secured by thebond or notes of the corporation, and bya mortgage upon the property benefited. 3. All installments become interestbearing at six per cent per annum afterthey fall due. Return of Loans. 1. Loans shall ordinarily be returnedwithin five years in annual installments,the amount of each annual installmentto be at the discretion of the Committee. Responsibilities of the District. 1. Applications for loa
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