Because of the high value of real estate, the board will want to articulate a process where there is a high bar for selling, buying or mortgaging real estate.
- At any meeting of the Board or any congregational meeting where the sale, encumbrance, or acquisition by the Church of real property or improvements thereon is to be discussed, notice of the same shall be published in the official Church newsletter at least thirty (30) days prior to said meeting, and read from the pulpit at least two (2) consecutive Sundays immediately preceding the meeting. Any action requiring the sale, encumbrance, or acquisition by the Church of real property shall require a two-thirds (2/3) vote of those voting members present and voting at a congregational meeting with such action in its call.
- The main meeting place of the church shall not be purchased, sold, conveyed, encumbered, or made subjected to any lien; and no church building shall be erected by this corporation unless such purchase, sale, conveyance, encumbrance, or building shall be first authorized by a vote of two-thirds (2/3) of the Board of Trustees, and three-fourths (3/4) of the voting members in attendance at a meeting of the corporation; each body acting separately, at an annual meeting of either, or at a special meeting of either duly called for that purpose, which purpose shall be plainly stated in the call. Any other real estate purchased, sold, conveyed, encumbered, or made subjected to any lien must be authorized by a majority vote of the Board of Trustees.