Verhovayak Lapja, 1947 (30. évfolyam, 1-24. szám)

1947 / Verhovay Journal

October 29, 1947

Verhovay Journal

PAGE 7

212. ) The second paragraph of the same article shall be amended to read: “The two vice-presidents, and the ten members of the Board of Directors shall be elected by the Convention for a term of four years. Twelve alternates shall also be elected.”

213. ) The following new paragraph shall be inserted here: “The electoral districts of the Verhovay shall be divided into eight circuits. One Hungarian speaking director shall be elected from each of these circuits. The director receiving the highest number of votes shall be the Hungarian speaking vicepresident of the Association. Further, the electoral districts shall be divided into four circuits. One English speaking director shall be elected from each of these circuits and the one receiving the highest number of votes shall be the English speaking vice-president of the Association.”

214. ) The following shall replace the fifth paragraph on page 16: “If, due to any cause, the seat of the Supreme President shall become vacant, it shall be filled, until the next Convention, by the election of one of the two vice-presidents to this office, by the Board of Directors.”

215. ) The meeting is adjourned at 1 P.M., until 2:15 P.M., by the chairman.

216. ) The meeting is called to order at 2:15 P.M., by the chairman.

217. ) A telegram from Stephen Huzianyi, Chicago, 111., to the convention, is read by the chairman.

218. ) Chairman orders that the amending of the By-laws be continued. The following amendments are enacted:

219. ) In the sixth paragraph on page 16, following “by an alternate called in” the following shall be inserted: “from the resp. circuits”.

220. ) The seventh paragraph on page 16 shall be replaced by the following: “The term of the two vice presidents and the ten members of the Board of Directors shall commence with the date of their election and expire with the conclusion of the Convention to be held four years after their election.”

221. ) The second part of the fourth paragraph on page 17 shall be amended to read; “The chairman of the Board of Directors shall vote only in case a tie-vote. His vote shall be decisive.”

222. ) The first sentence of the last paragraph of article 9 on page 17, shall be replaced by the following: “The recording secretary of the Board of Directors’ meetings shall be elected from among the members of the Board by the directors. The agenda of the meetings shall be presented by the Supreme Secretary.”

223. ) The last sentence of' par. k.) of article 10 shall be replaced by the following: “excepting the seat of the Supreme President which shall be filled by the Board of Directors electing one of the two vice-presidents to his office.”

224. ) “$100” shall be replaced with “$200” throughout article 10.

225. ) The fifth paragraph of article 11 shall be replaced with the following: “The Supreme President, Secretary, Treasurer and Auditor shall assume no other renumerative position.”

226. ) The following shall be omitted from section b.) of §12: “Being also the Chairman of the Board of Directors . . .”

227. ) "§ 13, section f.): “$200” shall replace “onehundred dollars”.

228. ) Under 17/B a new paragraph shall be inserted following § 17. Its text, under the heading “The Field Supervisors” shall read as follows: “The filed supervisors shall be appointed by contract, upon recommendation of the Home Office, by the Board of Directors. Their functions, duties and rights shall be determined by the Board of Directors”.

229. ) In Chapter V., § 19, lines 15 to 17 shall be amended to read: “Pursuant to these provisions each member shall belong to a Branch, possibly to the one situated at or nearest to his residence.” ’

230. ) In line 3 of § 20 “fifteen (15)” shall be replaced with “twentyfive (25)”.

231. ) Under “§ 21/B” a new paragraph shall be inserted following § 21. Its text, under the heading “Organizing Districts” shall read as follows: “Each larger branch, consisting of approximately 1,000 members, constitutes an organizing district by itself. In the interest of progress the Board, of Directors may form an organizing district, also, of a smaller branch, or from branches in one community or in adjacent communities. The branch, or branches, in organizing districts are managed by full-time managers, officially known as District Managers, who are appointed by contract, prescribed by the Board of Directors, by the Supreme President, subject to approval by the meetings of the respective branches.”

232. ) The following shall be inserted after “Each member” in line 2 of § 22: “who has attained' the age of 16”.

233. ) § 23: “The Branch Officers.” The following shall be added to the sentence: “No member shall serve as an officer in more than one branch”: “excepting the full time District Managers serving districts constituted of several branches”.

234. ) “The Compensation of Branch Officers”. The provisions pertaining to the compensation of Branch-Managers (beginning with line 14), shall be omitted and replaced with the following: “The Branch-Manager shall receive from the Home Office a certain percentage of all dues, payments on loans and interests, etc., remitted by the members and forwarded to the Supreme Treasury.”

235. ) Part III. § 26: “Eligibility for membership.” Not more than Five Hundred Dollars” shall be replaced with “not more than One Thousand Dollars”.

236. ) The above amendments were adopted, after lengthy discussions, by the great majority of the Convention.

237. ) Chairman adjourns the meeting at 5 o’clock, announcing that the next session will be held in the Gold Room.

(Signed by:) Coloman Kolozsvary, chairman; Charles Uray, recording secretary; Albert Ibos and Vendel Petrovich, attestants.

CONTINUOUS MINUTES

taken on the ninth day of the XXI. Convention of the Verhovay Fraternal Insurance Association in the Gold Room of the Fort Pitt Hotel, in Pittsburgh, Pennsylvania, on September 17th, 1947.

238. ) Chairman Coloman Kolozsvary calls the meeting to order and requests the recording secretary to call the roll at which all delegates reported present.

239. ) The minutes of the previous sessions are read by recording secretary Charles Uray and unanimously approved by the Convention. Copies of the minutes were checked and attested by Vendel Petrovich and Albert Ibos.

. 240.) Telegrams have been received, and are read to the assembly, from the following: Hon. James H. Duff, Governor of Pennsylvania, Branch 288, Martins Ferry, O., and Frank A. Molnár, manager, Youngstown, O. The telegrams, conveying the greetings of the above, are duly acknowledged by the Convention.

241. ) Chairman Coloman Kolozsvary calls upon the Supreme Officers, the Board of Directors and the Auditing Committee to state whether or not they have any other report or information to submit to the Convention.

242. ) Supreme President John Bencze announces that a full report has been rendered by the Board of Directors. In behalf of the Auditing Committee, chairman Ernest Kunstadt declares that they have fully completed the task assigned to them.

243. ) Director Henry Gross announces that the assets of the Workingmen’s Sick Benefit Federation had been found in order at the time of the merger.

244. ) Following the above announcements the Convention approves and adopts the reports of both the Board of Directors and the Auditing Committee as a whole, and grants the release to the supreme officers, the members of the Board of Directors and the Auditing Committee.

245. ) Motion is made, and duly seconded, that the four supreme officers be granted the same per diem fees, as the delegates, for the duration of the Convention. The motion is adopted by a majority of 63 over 43 dissenting votes.

246. ) In behalf of second generation representatives the following emergency resolution is presented to the assembly:

“We, the undersigned, representing the second generation, respectfully ask the chairman of this Convention to submit for reconsideration to this body the question of the election of the four second generation representatives to the Board of Directors.

We approve the division of the membership of the Verhovay into geographical circuits and the election of- a- Hungarian representative from each of these districts to the Board of Directors.

We, the undersigned, hereby move that the election of second generation directors be not limited to any circuits, but that they be elected from the entire body of delegates representing the second generation districts.”

247. ) The above resolution is put .to a vote by the chairman. The Convention, by 58 over 52 votes, rejects the motion.

248. ) Chairman calls for the continuance of the amending of the By- Laws and the following amendments are enacted:

249. ) The first sentence of § 30, (The Beneficiaries) shall be replaced with the following: “Provided the Fraternal Benefit Laws of the state wherein the applicant is admitted to not limit the designation of beneficiaries, the members of the Association may name anyone beneficiary.”

250. ) Part IV., § 31, article 9. The original text of the provision beginning on line 2 of page 50 (“The membership certificate exchanged to one having higher monthly dues shall take effect when the member shall have paid in full the difference between the dues of the old and new certificates with compound interest at four per centum per annum from the date of his old membership certificate”) shall be omitted, and replaced with the following: “The membership certificate exchanged to one having higher monthly dues shall take effect when the member shall have paid in full the higher of the two amounts determined by the following methods:

a. ) the difference between the dues of the original and the new certificates with compound interest at 4% per annum from the date of his original membership certificate,

b. ) the difference between the reserves of the two certificates with 4% interest.

251. ) Article 12, “The place and time of payment of benefits.” The concluding sentence of this article: “Benefits due to beneficiaries residing in Hungary shall be paid only through the Royal Hungarian Consulate”, shall be omitted.

252. ) In article 18 of § 31, “Guaranteed surrender value options”, the phrase “within 90 days” shall be replaced with “within 30 days”.

253. ) In Chapter II., “Accidental Death Benefit”, paragrphs 33 and 34, the phrase “65 years” shall be replaced with “70 years” throughout the entire text.

254. ) Chairman orders a one hour luncheon recess as 1 P.M.

255. ) Following the recess the chairman calls the meeting to order. The discussion of the amendments to the By-laws is interrupted for preliminatory action pertaining to the provisions of the Sick Benefit department.

256. ) Supreme President John Bencze announces that it has become necessary to reconsider the action taken last Saturday in reference to the strengthening of the reserves of the disability fund, since a new set of recommendations prepared by the actuary may enable the Convention to make the necessary adjustments in compliance with the requirements of the Insurance Department.

The supreme officers and the actuary explain to the assembly that the Association cannot avoid taking action for placing the disability fund in a fully solvent condition as demanded by the Insurance Department, whereupon the Convention adopts by 89 over 4 dissenting votes the following resolution; >

257. ) The Convention of the Verhovay Fraternal Insurance Association having declined to adopt the proposals submitted to that body for its consideration and possible approval relative to changes necessary to place the Sick Benefit Fund in a fully solvent condition, it was deemed necessary to submit an additional plan for its consideration and possible approval.

This additional plan has not as yet been reviewed by the Pennsylvania Insurance Department and its ultimate acceptance is dependent on this approval. ’

Be it therefore resolved:

The Convention of the Verhovay Fraternal Insurance Association at its meeting held on September 17t’n, 1947, hereby approves the following changes in the Sick Benefits payable to its members. 1.) The maximum period of payment in any one year shall be changed from 25 weeks to 20 weeks. 2.) No members will be eligible under any circumstances to receive payment during the first seven days either for injury or illness. 3.) The maximum period payable for any one continuous illness or injury shall not exceed 50 weeks. The final acceptance of these changes will depend upon the approval of these changes by the Pennsylvania Insurance Department.

258. ) The Convention orders that the original English text of the above resolution be made part, also, of the Hungarian Minutes of the XXI. regular Convention.