Transfer of Mineral Rights
Resolution text
Resolved, that the Executive Council of the Episcopal Church, meeting virtually October 24-27, 2023, gives the Chief Legal Officer authority to take all actions necessary to close a transaction concerning an offer received by DFMS and The Church Pension Fund for their respective interests in certain mineral rights in Western Pennsylvania that were part of a bequest, with the DFMS holding approximately 6.82805 net acres. The Church Pension Fund and The Domestic and Foreign Missionary Society have jointly retained counsel, negotiated, and agreed to a Letter of Intent.