IPHC Church Manual - Extension Loan Fund
IPHC Church Manual - Extension Loan Fund
IPHC Church Manual - Extension Loan Fund
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Constitution<br />
Article VIII. <strong>Church</strong> Property and Titles<br />
the International Pentecostal Holiness <strong>Church</strong> <strong>Manual</strong>, title<br />
to such property shall vest in the International Pentecostal<br />
Holiness <strong>Church</strong>, Inc., which may institute appropriate<br />
legal action.<br />
2. Deeds to a Conference shall be warranty deeds, if<br />
possible, and any deed or devise should contain language<br />
similar to that provided for a Planted Member <strong>Church</strong>.<br />
3. If a local church shall have mortgaged its property and be<br />
in danger of losing the property by default, the Conference<br />
may advance funds at its discretion to avoid foreclosure, or<br />
may take a deed from the local church subject to the<br />
mortgage. If the terms of the mortgage permit an<br />
assumption of the debt, the Conference may assume the<br />
debt if it thinks such action advisable.<br />
D. Institutional Property<br />
1. An institution in the International Pentecostal Holiness<br />
<strong>Church</strong> shall be organized as a nonprofit corporation. Title<br />
to property acquired by the institution shall vest in the<br />
corporation. The authority to convey or mortgage property<br />
shall be the same as set out above for a Conference<br />
except in instances where the governing certificate or<br />
articles of incorporation or bylaws of such nonprofit<br />
corporation shall provide otherwise. Any such provisions<br />
that may hereafter be incorporated into the governing<br />
incorporation documents or bylaws of such nonprofit<br />
corporations should be submitted to the Council of Bishops<br />
for its prior consideration and approval.<br />
2. When it is determined by the Council of Bishops that<br />
institutional property shall have ceased being used in<br />
accordance with the faith of the church and provisions of<br />
the International Pentecostal Holiness <strong>Church</strong> <strong>Manual</strong>, title<br />
to such property shall vest in the International Pentecostal<br />
Holiness <strong>Church</strong>, Inc., which may institute appropriate<br />
legal action. The provisions of this paragraph shall not<br />
apply to nonprofit corporations having contrary provisions<br />
in their incorporation documents or bylaws. The language<br />
as to the use of the property, as provided above for local<br />
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