Verhovayak Lapja, 1940. január-június (23. évfolyam, 1-26. szám)

1940-04-11 / 15. szám

April 11, 1940

Page 7

Verhovayak Lapja

MINUTES OF THE DIRECTORS' MEETING

MARCH 11-16. 1940 -The Directors Meeting is opened March 11 in the offices of the Verhovay Fraternal Insurance Association, Pittsburgh, Pennsylvania.

Present are: Supreme President Joseph Darago; Vice-Presidents Joseph Szalay and Albert B. Ari; Directors, Louis Vizi, John Szalanczy, James Siket, Andrew Dohos Jr., Bert Kun, Frank J. Brogley, Julius Macker, Moses Csömör. Stephen Lang, and Dr. Joseph H. Prince; Supreme Officers, John Bencze, Coloman Revesz and Michael J. Varga.

1. ) Supreme President Joseph Darago opens the meeting at 9 A. M. and greets the assembled Directors warmly. At the same time, he submits the program of the meeting, which is accepted by the Board.

2. ) The Supreme President, the Supreme Secretary, the Supreme Auditor and the Supreme Treas urer make their official reports, which are accepted by the Board for detailed discussion.

3. ) First of all, the Board subjects the Annual Statesments sub rnitted to the various States to a close scrutiny. They find these satisfactory in every respect.

4. ) The Board authorizes the Supreme Officers to renew the first mortgage of $50,000.00 on the South Shore Apartments of Chicago, which was due now.

5. ) The Board, divided into three committees, begins the exa mination of the Home Office.

The Assets of the Association are examined by Directors Dobos, Kun, Dr. Prince, Macker and Siket.

The income of the Association and the books and records relating thereto, are examined by Directors Szalay, Brogley and Lung.

The expenses, disbursements and the entries relating thereto, are examined by Directors Ari, Szalancy, Csömör and Vizi.

6. ) The Supreme President ad-' journs the meeting until the examinations are completed.

* * *

MINUTES

(CONTINUED)

March- 12, 1940

The same ones are present.

Supreme President Joseph Darago opens the meeting at 9 A. M. and orders the reading of the previous day’s Minutes, which are certified and accepted by the Board. /

8.) The Board continues the examination begun on the previous day, divided into three committees, and upon finishing the examina tion, submits the following report.

The committee making the examination of the income of the Association and the bookkeeping in connection with same, establishes the following:

The books and records were found in complete order and during the examination they looked at the monthly reports and Treas urer’s Slips and determined that during the past year, the following Branches sent their monthly dues to the Home Office late, in six or more instances: Branch 3. Sheppton, Pa.; Branch 6, Akron, Ohio; Branch 28, Hallertown, Pa.; Branch 82, Homestead, Pa.; Branch 112, Buffalo, N. Y.; Branch 116, Wadsworth, Ohio; Branch 225,

Newcomerstown, Ohio; Brandi 231, Iselin, Pa.; Branch 238, Hart ford, Conn.; Branch 355, Akron. Ohio; Branch 360, Massillon, Ohio; Branch 367, Cleveland, Ohio; Branch 371, Gary, Ind.; Branch 402, Homer City, Pa.; Branch 406, Harrisburg, Pa.; Branch 413, New Brunswick, N J.; Branch 417, Trenton, N. J.; Branch 429, Dearborn, Mich.: Branch 439, Johnstown, Pa.; Branch 451, Bairdford, Pa.; Branch 458, Perth Amboy, N. J.; Branch 462, Tonawanda, N. Y.; Branch 486, New Boston, Mich.; Branch 488. Cas talia, Ohio; Branch 489, Mantua, Ohio; Branch 493, Glen Head, N. Y.; Branch 501, Carteret, N. J.; Branch 504, St. Louis, Mo.; and Branch 507 of Walkertown, Pa.

The Board calls the attention of these Branches to the fact that in the future they have to live up to the rules contained in the By-Laws and that they must send in all monthly dues to the Home Office on the last day of the month at the latest.

Simultaneously they announce that each Director watch those branches in his District which send in their monthly dues late, and to call this matter to the attention of such branches in their own jurisdiction.

The report of the committee is acknowledged.

9. ) The committee examining

the expenses of the Association and the books and papers pertaining thereto, reports that during their supervision, they examined the following issues and found them in complete order: 78953- 39-75-76-77-78, 79332-33-34, 79344-45- 50-51, 79386, 79392-95-96, 79425-28, 79577-79, 79592-79608, 79611-79623

79636, 79640-41, 79865, 80025-26-27, 80042-43-44-45, 80071-81, -80267-74.

80305, 80336, 80354-55, 80369 80473- 74-82, 80521, 80560-90, 81098-81108. 81160-70. B-54862 to 72. B-55762. K-4352 to 62.

Junior Order: 8351, 8354, 8577. 8625, 8844 to 54. 8937, 8941.

Trust Fund: 2353-3, 2355-56-57. 2379, 2385 to 86.

The committee reports also that they examined each item in the "Miscellaneous Expenses" shown in our Official Journal in one sum. and found these also in complete order. The report is acknowledged.

10. ) Finally, the committee examining the assets and securities of the Assocition, makes its report and relates to the Board that they examined all the documents and securities comprising the assets of the Association and found all in order.

11. ) After the examination of the Home Office, the Board returns to the detailed discussion of the President's report and orders included in the Minutes, the following decisions made through correspondence.

a) The awarding of the "Appreciated” honorary degree and medal to members Bela Blizman of Branch 296, Mis. Emery Gal of Branch 361, Alexander Goydan of Branch 395, Joseph Denes of Branch 20 and Anthony Laehman of Branch 342.

b) The authorization given to the Insurance Department of the States of Missouri and New York whereby in the event of claims or suits against the Assocation, the documents or papers in such

cases can be delivered to or served on the Commissioners of these Departments, as the representatives of the Association.

c) The contract entered into with the District Managers, as well as the report made of the case of the new organizing system, is acknowledged.

d) The Board acknowledges favorably the sending out of the Chief Counsel in the case of the license for the Verhovay Home constituting the property of Branch 2.

e) The Board acknowledges the fact that the Supreme President appealed the decision of the Detroit Common Please Court in the suit of Michael Jozsa, member of Branch 36.

f) The report in the case of member László Vas, placed in a Home for the Aged, is acknowledged.

g) The working of the American-Hungarian Federation up to the present time, is reported by the Supreme President, which report is acknowledged.

h) The Board establishes, with one dissenting vole, that the "Verhovayak Lapja,” so far as contents and set-up are concerned, satisfies the intentions of the Convention, expressed in that respect. In connecton with this, they permit that the sums issued heretofore as editorial fees, be issued in the future also. They deem it adviseable that the the writers and contributors remain the same in the future also. This decision was also made with one dissenting vote.

i) The working of the Auditing Committee and the Home Office is reported by the Supreme President and this report is acknow ledged.

12. ) The Supreme President’s report is accepted in detail also.

13. ) The Board announces that in the future the English translation of the Minutes of the Board of Directors meeting be published in the English edition of the official journal,

The meeting is adjourned at 6 P. M. by the Supreme President, until the following morning.

* * *

MINUTES

(CONTINUED)

March 13, 1940

The same ones are present.

Supreme President Joseph Darago opens the meeting at 9 A. M. and orders the reading of the previous’ day's Minutes, which are certified and accepted by the Board.

14. ) Member Martin Himler appears before the Board and submits orally, the offer previously submitted by him in writing, whereby the Association should publish a booklet giving instructions in Naturalization and information concerning Old Age Pensions, these to be distributed among Hungarians, completely free of charge.

The forty-eight page booklet, 6x9, would cost 1350.00 for twenty thousand copies.

The Board accepted the offer after a vote made by calling the roll. Directors Szalay, Ari, Brogley, Dr. Prince, Macker, Csömör. Kun, Dobos, Siket, Lang and

Szalanczy voted in favor of it. Director Vizi voted against it.

The distribution of these booklets is entrusted to the Home Office.

15. ) The Board discusses the report of the Supreme Secretary, and in connection with this, they ratify the expense items for furniture and fixtures necessary at the Home Office.

16. ) The Board discusses the question of the Verhovay honorary degrees and acknowledgements, and in conformity with the directions of the Convention, establishes one kind of Verhovay merit award, the details of which are as follows:

The Verhovay Merit Award, to gether with the document and medal, will be received by the Verhovay member who has succeeded in securing seventy-five (75) new members and keeping them for the duration of one year. The Branch Officer, serving fifteen years without a break in the same capacity at the same Branch, is entitled to this "Acknowledged" title and merit award or for serv ing twenty-five (25) years at the same Branch in various positions.

Directors, members of the Audit ing Committee and Supreme Of ficers, in the event that they took part in the conducting of affairs at the Home Office for twelve (12) years: those Supreme Presidents who filled their positions during four year in such a way that they received their release from the Convention, indicative of that body's satisfaction.

In the event of the death of a member honored during his life with the honorary degree of “Appreciated,” a Director will place a wreath on his bier, at the expense of the Supreme Treas ury, and at the same time will give a farewell speech at the funeral.

The awarding of the document indicative of the acknowledgement of the Association, must be conducted amid suitable circumstances.

The Board made the decision relative to the awarding of the honorary degrees, effective as of January 1, 1936.

The granting of the honorary degree is the exclusive right of the Board. The submitting of the data and records necessary for the awarding of a degree, however, is the right and problem of those wishing to see the acknowledgement of their merits ex pressed in this way.

The effect of this decision does not extend to our District Managers, making their living out of securing new members and being paid by the Association for their work. This decision does not affect the winners in our membership contests either, for the reason that their efforts are rewarded by the Association with contest prizes.

16. ) After the detailed discus sion of the Secretary's report, it is accepted by the Board.

17. ) Otto J. Molnár, National Organizer, appears before the Board with a request. The request will be discussed simultaneously with other organization matters.

18. ) The Board reverts to the detailed discussion of the Supreme Auditor's report, and in. connection with this they make the following decisions:

They accept the motion of the Association's Actuary made in the matter of paying dividends in 1940 and they announce that all those members who have a membership certificate dated 1936 or previously will receive the same amount in dividends as they received in 1939, while those whose membership certificates are dated between February of 1936 and December 31st of 1937, whose policy was three years old at the close of last year, will receive 2% of the reserve value of their policies as of December 31, 1939.

The issuing of the dividends should occur after the completion of the September 1940 business, during the month of October, according to the conditions prevailing during the past year.

19. ) The Board entrusts the conducting of the actuarial work to Gilbert Bassler in the future also, according to the conditions effective heretofore.

20. ) Lionel D. Adde and Company, Investment Service, requests the Board to grant their representative the necessary time for a hea ring.

The Board considering the great pressure of business and the lack of time, rejects the request with a vote of 11 to 1.

21. ) The Board directs the Supreme Auditor that in determing how much the new members have cost our Association according to the decision of the Convention, the following must be taken into consideration: That 10% of the various disbursements of the Expense Account in addition to the medical fees and commissions debited to the same, should be debited to this account.

22. ) The Board authorizes the purchase of an adding machine for the Supreme Auditor.

23. ) The report of the Supreme Auditor is discussed in detail also and is accepted by the Board.

24. ) The greeting of Branch 33 of Windber, Pennsylvania, is acknowledged by the Board with thanks.

25. ) “Appreciated” member Joseph Vesztroczi, resident of New Brighton, Pennsylvania, requested the Board to grant him a personal hearing on Saturday.

The Board accedes to the request.

The Board discusses the report of the Supreme Treasurer and in connection with same, makes the following decisions:

They regretfully discover that Branch 170 of Medina, Ohio, is in arrears with $318.85 in mortgage interest. They direct the Supreme President to entrust the handling of the Verhovay Home there to the Secretary of the Branch, Frank E. Komjati, in order to ensure it's success.

27. ) The Hungarian Home of Branch 187 of Granite City, Illinois, is in arrears with the installment on the principal. The Board directs and commissions Director Moses Csömör to look into the financial conditions and administration of the Hungarian Home there in order to determine why they will not live up to the obligations assumed in the mortgage agreement.

28. ) The Board determines that