Petition 81185

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Restriction (81185-LC-¶2542.1)

Amend ¶2542.1 as follows:
  
 2542. Restriction on Proceeds of Mortgage or Sale8-1. No real property on which a church building or parsonage is located shall be mortgaged to provide for the current (or budget)  or operating expense of a local church, nor shall the principal proceeds of a sale of any such property be so used. The principal proceeds of a sale of any such property shall not be used for the current budget or operating expense of a local church.  Providing that provisions are made for the current and future missional needs of the congregation and the current and future housing needs of a pastor, the principal may be used for capital improvements beyond the regular operating budget when written approval is granted by the district superintendent and pastor. This provision shall apply alike to unincorporated and incorporated local churches.9