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"We, the members of the
THE SOVEREIGN
GRACE BIBLE
CHURCH OF
CEBU, INC.,
a non-profit organization, do ordain and establish the following
articles, to which we voluntarily submit ourselves."
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SECTION 4.
OUR CONSUMATION AS AN
ECCLESIASTICAL INSTITUTION
Paragraph A. General Statement.
Our hope and prayer is that the Sovereign Grace Bible Church will continue
vibrant and faithful, as a true church of Jesus Christ, with our heritage
intact, until the coming of the Lord Jesus Christ. Yet, if in God's
providence, this church must dissolve and disband prior to Christ's return,
this section is intended to provide for that dissolution in a decent and
orderly manner, in the fear of Christ.
Paragraph B. The Grounds for Dissolution.
The grounds for dissolution of this church prior to the coming of
Christ are:
If it were no longer physically capable of pursuing its purpose due
to providential dwindling through scarcity of conversion, scattering by
persecution, or other such circumstances.
If it were no longer consecrated by the Holy Spirit as a true church
of Christ, but rather were to be repudiated by Christ for its rebellion
and apostasy.
If it were no longer willing to remain committed to the distinctives
of our doctrinal heritage as defined in our articles of faith, namely,
our orthodox Christianity, our covenantal theology, our Calvinism,
our Puritanism, and our independent and Baptismal Ecclesiology.
Paragraph C. The Procedure
The Proposal to Pursue Dissolution.
The elders, or other leadership, shall propose to the congregation the pursuit
of dissolution. Congregational approval of such a proposal, at a duly called
congregational meeting for that purpose, is necessary for the dissolution
process to begin.
The process of Dissolution.
Upon congregational approval of leadership's recommendation to pursue 3
dissolution, the congregation shall decide on the receiver or receivers of
its assets, make arrangements for, and actually dispose of the same within
the guidelines defined in the following section of this paragraph. The last
act of the congregation shall be to acknowledge an d certify that all its
assets have been disposed as specified herein.
The Guidelines for Dissolution.
The dissolution shall proceed with these guidelines, which shall not be
violated. Assets are to be disposed , and all just debts paid. No member
is to take possession of any assets, or profit from their liquidation. The
disposal of all assets, or the proceeds from their liquidation, shall be to
a church holding to our doctrinal distinctives specified in paragraph B3 of
this section. In the unlikely event that no such reformed Baptist Church
or churches exist, our assets shall be given to an Evangelical Presbyterian
church, holding to the Westminster Standards. If no evangelical Reformed
church, Baptist or Presbyterian exist, may God have mercy on our nation
and those who dispose our assets. Let them then be distributed to spread
the true Gospel of Jesus Christ, which we know shall exist somehere according
to God's promise, until Christ's return (Mt. 16:18).
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