7. The General Secretary shall receive for salary $1500 per annum and whatever the Board of Church Extension may allow for traveling expenses.
Art. V. (1) The revenue of the Board shall be derived from an assessment of 5c per capita on the membership of the Church, special collections by the Secretary and Bishops, devices of the Secretary, and gifts and bequests.
2. In all cases, the moneys raised by the General Secretary shall be sent to the Treasurer of the Board, who shall in turn, pay out money on the order of the President and Secretary of the Board, provided the order shall be in accord with the action of the Board.
3. The General Secretary shall not charge more than 6 per cent. interest on money loaned any church; he may, wherever conditions require, and ability permits, charge less.
4. All orders for money on the Treasurer of the Board shall be signed by the President and Secretary of said Board, and, in the absence of the President, by the Vice-President.
Art. VI. (1) The Church Extension Board shall have authority to negotiate loans, furnish security for the payment of same, and to foreclose any mortgage and secure the property in fee simple to this Department, provided, that in no case, shall any fore-closure dispossess a congregation of the rightful use of the property. In case the membership should abandon the use of any property by moving away or joining other churches, both the title and possession of such property shall revert to the Board.
2. In no case, shall any loan be made on church property unless it is secured by a first mortgage.
Art. VII. All applications for aid shall set forth:
1. A description of the building for which aid is asked.
2. An estimate on probable cost to complete building.