IPHC Church Manual - Extension Loan Fund

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Constitution Article VIII. Church Property and Titles the International Pentecostal Holiness Church Manual, title to such property shall vest in the International Pentecostal Holiness Church, Inc., which may institute appropriate legal action. 2. Deeds to a Conference shall be warranty deeds, if possible, and any deed or devise should contain language similar to that provided for a Planted Member Church. 3. If a local church shall have mortgaged its property and be in danger of losing the property by default, the Conference may advance funds at its discretion to avoid foreclosure, or may take a deed from the local church subject to the mortgage. If the terms of the mortgage permit an assumption of the debt, the Conference may assume the debt if it thinks such action advisable. D. Institutional Property 1. An institution in the International Pentecostal Holiness Church shall be organized as a nonprofit corporation. Title to property acquired by the institution shall vest in the corporation. The authority to convey or mortgage property shall be the same as set out above for a Conference except in instances where the governing certificate or articles of incorporation or bylaws of such nonprofit corporation shall provide otherwise. Any such provisions that may hereafter be incorporated into the governing incorporation documents or bylaws of such nonprofit corporations should be submitted to the Council of Bishops for its prior consideration and approval. 2. When it is determined by the Council of Bishops that institutional property shall have ceased being used in accordance with the faith of the church and provisions of the International Pentecostal Holiness Church Manual, title to such property shall vest in the International Pentecostal Holiness Church, Inc., which may institute appropriate legal action. The provisions of this paragraph shall not apply to nonprofit corporations having contrary provisions in their incorporation documents or bylaws. The language as to the use of the property, as provided above for local 67
Constitution Article VIII. Church Property and Titles churches and for Conferences, shall appear in deeds to church institutions. E. General Church Property The International Pentecostal Holiness Church, Inc., shall be organized and established in the form of a nonprofit church corporation. Title to property shall vest in said corporation, and conveyances and mortgages shall be made in accordance with the laws of the state or country in which the said property is situated. 68
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International Pentecostal Holiness
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International Pentecostal Holiness
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Introduction 7
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Introduction outlined above, we are
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Introduction • Network resources
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Introduction The first spiritual re
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Introduction Once again, the church
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Communion, Holy ...................
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Members, Authority and Duties of...
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R Racism...........................
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Notes 196
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IPHC Church Manual - Extension Loan Fund

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