Exhibit 4.2

                           Certificate of Indebtedness

No. ________________                                         $________________

CORNERSTONE MINISTRIES INVESTMENTS, INC. ("Issuer" or "we" and related pronouns)
promises  to  pay to  ______________________________________________________  or
registered    assigns    ("you"   or    "holder"),    the   principal   sum   of
________________________________________ Dollars ($__________).

Taxpayer I.D. Number: __________________ CUSIP Number:_________________.

This Certificate of Indebtedness may evidence (1) a 9% five-year  certificate or
(2) a graduated  certificate,  in each case, as described in the  prospectus and
the Purchase Agreement under which such certificate is sold. This Certificate of
Indebtedness evidences a: __________________.

Generally,  certificates of  Indebtedness  will be registered in book entry form
only  and the  investor  will  receive  only a  written  confirmation  of  their
investment, and not an actual certificate. We issue Certificates of Indebtedness
under a Trust Indenture;  the trustee under the Trust Indenture is Trinity Trust
Company.


                                               Dated:_________________, 2003

Trinity Trust Company, as Trustee,             CORNERSTONE MINISTRIES
certifies that this is one of the              INVESTMENTS, INC.
Certificates referred to in the Trust
Indenture.





By:______________________________              By:______________________________
Name:                                          Name:
Title:                                         Title:

          [SEAL]                                              [SEAL]


[Back of Certificate]

The registered owner of this Certificate shall be entitled to all the rights and
privileges and subject to the  conditions,  limitations and agreements set forth
in  the  Trust  Indenture  executed  in  connection  with  the  offering  of the
securities  described  on  the  front  side  of  this  Certificate,  the  terms,
covenants,  conditions and agreements of such Trust Indenture being incorporated
herein by this reference.

The Issuer  will  furnish to any  Certificate  owner upon  written  request  and
without  charge a copy of the Trust  Indenture.  Requests may be made to John T.
Ottinger,  Cornerstone Ministries Investments, Inc., 2450 Atlanta Highway, Suite
904, Cumming, Georgia 30040.

This Certificate is non-negotiable.

Abbreviations.  Customary abbreviations may be used in the name of a Certificate
owner or an assignee, such as TEN COM (=tenants in common), TEN ENT (=tenants by
the entireties),  JT TEN (= joint tenants with rights of survivorship and not as
tenants in common),  CUST (= Custodian),  and U/G/M/A (- Uniform Gifts to Minors
Act).

<PAGE>

SECURITY POWER FORM:


     THE FOLLOWING MUST BE COMPLETED TO TRANSFER YOUR CERTIFICATE TO ANOTHER

For value received I/We hereby sell, assign and transfer unto


            (Name and address of Transferee must be printed or typed)


-----------------------------------------------          ------/-----/-------
  City              State            Zip Code            Social Security Number

all right,  title and interest to this  Certificate,  including all  outstanding
principal and accrued interest, and do hereby irrevocably constitute and appoint
the Registrar to transfer the said  Certificate on the books of the within named
Issuer,  with full  power of  substitution  in the  premises  and to issue a new
Certificate to the Transferee  (New Owner).  The Social  Security  Number of the
Transferee  (New Owner) his/her name and mailing  address where he/she wishes to
receive  interest checks or notices must be provided to the Registrar along with
the transfer fee BEFORE TRANSFER can be completed.  The transfer request must be
received 15 calendar days prior to an interest payment date.

                                  If Joint Ownership, Both Must Sign Certificate

Date:____________, ___            __________________________________________
                                  Signed  (Registered Owner as Shown on Front)

In the presence of:


 Authorized Signature Guarantee    Signed  (Registered Owner as Shown on Front)

    Above Signatures must be guaranteed (not notarized) by a participant in a
                          Medallion Guarantee Program.


New  Owner -  Please  check  this  form  for  accuracy  before  you  sign.  Your
Certificate  will be registered  exactly as shown. You will be charged a fee per
Certificate if you require further  changes.  You must sign below to verify your
Social  Security  Number.  Please  provide your daytime  telephone  number (___)
_____-______________.

         Please send me/us a confirmation and retain Certificate.

Under penalties of perjury,  I certify (1) that the number shown on this form is
my correct  taxpayer  identification  number,  and (2) that I am not  subject to
backup  withholding  because:  (a) I have not been notified that I am subject to
backup  withholding  as a result of failure to report all interest or dividends,
or (b) the Internal  Revenue Service has notified me that I am no longer subject
to backup withholding.

______________________________________________________
Signature of Transferee whose number is shown at right

SS#_________-_______-________                 Date:________________________
(or)

_______________________________________________
Signature of Authorized Signer for Transferee

TIN#_________-_______-________                Date:________________________