1 1/11/2015 BEAUTIFUL SAVIOR LUTHERAN CHURCH (PLYMOUTH, MN) FIRST AMENDMENT AND RESTATMENT OF BYLAWS of ENDOWMENT FUND Adopted ____, 201_ I NAME AND GENERAL PURPOSE A. Beautiful Savior Lutheran Church shall have an Endowment. This fund shall be called the...
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1 1/11/2015 BEAUTIFUL SAVIOR LUTHERAN CHURCH (PLYMOUTH, MN) FIRST AMENDMENT AND RESTATMENT OF BYLAWS of ENDOWMENT FUND Adopted ____, 201_ I NAME AND GENERAL PURPOSE A. Beautiful Savior Lutheran Church shall have an Endowment. This fund shall be called the BEAUTIFUL SAVIOR LUTHERAN CHURCH ENDOWMENT FUND (hereinafter referred to as the “Fund”). It shall be maintained as one of the funds of this church. B. This Fund’s purpose shall be to receive gifts and bequests for the further growth of the mission and the ministry of Beautiful Savior Lutheran Church (hereinafter sometimes referred to as “Church” and its voting members as “Congregation”). . II DURATION The Fund shall continue in existence and be used as herein provided so long as Church shall continue to exist. If the Church shall cease to exist, the Fund shall be dispersed to the same recipient as all other personal property of the Church according to its Constitution in which event the assets and income of the Fund shall continue to
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