I believe that you are looking for OpenSong freeware. Half the members of my praise bands can't read music so I investigated this but found it faster just to type those charts up in Word.

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Ahh - it loses the correct chord positioning with respect to the words, but this is the format I'm talking about.
Hint: by using mono-spaced fonts (all Courier typefaces and a few others), any changes in resolution will preserve spacing.

There's also this guy trying to reinvent that wheel: ChordsOverLyrics


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