Verhovayak Lapja, 1941. július-december (24. évfolyam, 27-52. szám)
1941-10-09 / 41. szám
MINUTES Taken on September 15, 1941, in the Home Office of the Verhovay Fraternal Insurance Association, at the regular meeting of the Board of Directors. Present are: Joseph Darago, Supreme President; Joseph Szalay and Albert B. Ari, Vice- Presidents; Emery Siket, Julius Macker, Andrew Dobos, Jr., Stephen Lang, Louis Vizi, Frank Brogley, John Szalanczy, Bert Kun, Dr. Joseph Prince and Moses Csömör, Directors; John Bencze and Coloman Revesz, Supreme Officers. 1. ) Supreme President Joseph Darago opens the meeting at 9:30 A. M., greets the assembled Directorate, and asks them that, in the midst of the present historically important times, they endeavor to act with serious decisions worthy of good American citizens and enthusiastic Verhovay members, in the matters awaiting settlement. 2. ) The Board hears the reports of the Supreme Officers and accepts them as basis for detailed discussion. After this, the Board announces that before the detailed discussion of the Supreme Officers’ reports, they will hear the applications received for the office of Supreme Treasurer, so that the problem of the filling of this very important position be solved as soon as possible. This decision was carried by a vote of eleven to one. 3. ) The Board acknowledges with thanks the telegram of greeting received from the Board of Directors of the Bridgeport Federation, also in session at present, and the kind attention is reciprocated by them in turn, with a telegram. Similarly, the Board acknowledges with thanks the telegram of greeting received from Anthony Tankovich, Jr., of Columbus, Ohio. 4. ) The Board hears the twenty-three applications received for the position of Supreme Treasurer and determines that of these only thirteen meet with the conditions laid down in the advertisement asking for applications. 5 ) The Board accomplishes the filling of the position of Supreme Treasurer with a secret vote, as a result of which they elect Director John Szalanczy by a vote of seven to five. 6. ) Supreme President Joseph Darago has the newly elected Supreme Treasurer John Szalanczy repeat the official oath prescribed in the By-Laws. After repeating the oath, he calls to the attention of the Supreme Treasurer the weighty problems awaiting his attention, and at the same time assures him of the wellintentioned and ready cooperation of both himself and the other Supreme Officers. 7. ) The Board announces that Supreme Treasurer John Szalanczy should assume his duties as of October 1, 1941. 8. ) The elected Supreme Treasurer expresses his thanks in words of gratitude for the confidence reposed in him and assures the Board that he will serve the progress of our Association with all his strength and knowledge. 9. ) The Board returns to the detailed discussion of the Supreme Officers’ reports, and during these ratifies the following points: a ) The steps taken relative to the filling of the office of Supreme Treasurer, b. ) determining the day of the present Board meeting, c. ) the action taken by the Supreme President in the matter of the $8000.00 mortgage of the Cleveland Verhovay Home. d. ) the Board votes an additional loan of $5000.00 towards the expenses of remodeling the Cleveland Verhovay Home, since they see that with the $8000.00 mortgage originally issued, the planned work could not be completed. In bringing this decision, ten Directors voted in favor of the additional loan and two Directors voted against it. The Board directs the Home Office to issue the $5000.00 mortgage only if the desired bond will be secured. e. ) The Board announces that branches having Verhovay Homes be notified by the Home Office of their obligations relative to the payments of principal and interest as established by the Convention, and inasmuch as they do not satisfy the conditions laid down by the Convention take action against these branches in accordance with the Laws. f. ) the Board sends out a Committee of three for the purpose of examining thoroughly and in detail the plans for the building or the remodeling of every Verhovay Home in the future, and all requests of this nature, can be placed before the Board only by this Committee. The Board appoints Albert B. Ari, Frank Brogley and Julius Macker as members of the Building Committee. g. ) the Board discusses the case of the emblems of the American Hungarian Federation, and upon the motion being seconded announces that of the 15,000 emblems ordered, we take over the share falling to us in proportion to our membership. In bringing this decision, Directors Macker, Csömör and Vizi voted “no” and the rest, or nine, voted “yes.” The Board announces that the emblems taken over from the American Hungarian Federation will be placed at the disposal of our members and fellow Hungarians at a cost of fifty cents, and directs the Home Office to advertise these continually in our official journal. h. ) the Board discusses the request of Branch 34 of Pittsburgh, Pa., for a mortgage, and requests the Building Committee as well as the members of the Auditing Committee to visit the premises during this evening. Considering the advanced stage of the time. Supreme President Joseph Darago adjourns the meeting at six o’clock until 9 A. M. of the following morning. daa. * * * MINUTES — CONTINUED Taken on September 16, 1941. The same are present. Supreme President Joseph Darago opens the meeting at 9 A. M. and orders the reading of the previous day’s Minutes, after which they are accepted and certified by the Board. 10.) The Board continues the detailed discussion of the Supreme Officers’ reports and in connection with these makes the following decisions: a. ) The report dealing with the holding of the 55th Anniversary Jubilee Celebrations, with four focal points, is acknowledged. b. ) The sending out of Directors and Supreme Officers on official missions is acknowledged with approval. c. ) The detailed report of the National Organizer’s Office as well as the steps taken in connection with same are acknowledged with approval by the Board. d. ) In the case of the literary contest, the report of those entrusted with the judging of same is ratified by the Board. e. ) The Board acknowledges with approval the action taken by the Supreme Officers, which they took after deliberating with the members of the Auditing Committee, whereby the bonds or rather the stocks of the Chicago Arms Apartments, which have yielded no income since 1931, were exchanged for City of Palmetto, Florida 1-4% $18,000.00 face-value bonds. 11. ) The Board hears the detailed report of the joint Committee sent out by Branch 34 in the matter of their building and mortgage which comprises a part of these Minutes, and on the basis of this authorizes the issuing of an additional $5000.00 mortgage in the event that the appellant Branch 34 satisfies the conditions listed in the attached Minutes. The Board and the Auditing Committee are fully aware of the fact that the past Convention authorized the issuing of not more than $15,000.00 for the building of Verhovay Homes, but at the same time they take into consideration the extraordinary circumstances in Pittsburgh and the fact that the buyingpower of the amount established by the Convention is much less at present due to the rise in the price of labor and material. They also take into consideration that Branch 34 satisfied the 40% condition established by the Convention. 12. ) Moses Csömör, Director, delivers the check in the presence of the Board which constitutes the installment payment of the Verhovay Home of Branch 187 in Granite City, Illinois, as well as the interest due, to April of 1942, the amount of the check being $331.00. The Board notes with satisfaction that the Hungarian Home of Granite City paid off almost 10% of its mortgage in this year. The Board sees with satisfaction that the case of the Verhovay Home of Branch 187 not only shows a heartening improvement since it was entrusted to the care of Director Csömör but may be held up to the other Verhovay Branches as an example. 13. ) During the discussion of the case of the Detroit Verhovay Home, the Board is not satisfied with the results attained, since in the midst of the improved economic conditions it can be reasonably expected that they should make a substantial payment on the principal of their debt. In view of this, the Board commissions its Detroit member, Julius Macker, to examine the business methods and the conduct of affairs at the Detroit Verhovay Home and to give a detailed report as well as an opinion as to the manner in which a change should be made for the advantage of our Association. At the same time he is directed to inform the Managing Committee of the Home of his observations, so that they may use the advice and suggestions deemed beneficial by him as a result of his observations. 14. ) The Board acknowledges with approval the suggestions of the Supreme Officers whereby $50,000.00 should be withdrawn from the $100,000.00 on deposit, prescribed by the By-Laws, and with this amount, purchase United States Defense Bonds. The bringing of this decision was necessitated by the fact that the Association be of assistance to the National Defense efforts of the Government and at the same time negotiate an investment with a higher rate of interest income for the bank deposit with a low interest rate. 15. ) The Board acknowledges with approval the report of the Home Office in the case of the American Hungarian Federation. 16. ) The Board announces with a unanimous resolution that the President of the United States be assured of the readiness of the Verhovay Fraternal Insurance Association to cooperate with him thoroughly and completely, by the following telegram: MINUTES
