Verhovayak Lapja, 1951 (34. évfolyam, 1-12. szám)
1951 / Verhovay Journal
PAGE 6 Verhovay Journal May 16, 1951 MINUTES OF THE BOARD OF DIRECTORS’ MEETING (Continued from page 5) d. ) Julius Derüké similarly of Branch 98, who has spent 28 years in serving the branch in various official capacities, and e. ) Alexander Gyulay, former Manager of Branch 525, Los Angeles, Calif., who has similarly met the requirements of such recognition. 30. ) Acting upon the request of Mr. and Mrs. Frank Pálosi, endorsed by Branch 369, Alliance, 0., the Board authorizes a grant of $100 to Frank Pálosi for the medical care of their *T?hild Shirley Maxine, provided they prove their financial circumstances to be such as to render medical care unattainable without outside aid. 31. ) The Board acknowledges the communication submitted jointly by branches 52, 70, 518, 48, 145, 87, 76, 13 and 417 in regards to the selection of the site of the 8th Annual Verhovay National Ten Pin Tournament. The Board finds that due to the fact that many factors are to be taken in consideration in selecting the site of the national tournament, neither of the cities of the] branches in the eastern area could be considered for this year's tournament. However, the Board assures the above mentioned branches that their request will be given favorable consideration in determining the site of the next1 tournament. 32. ) The Board gratefully acknowledges the invitation of Branch 36, Det- i oit, Mich., to the 45-Year Jubilee Celebration of the Branch and delegates National President John Bencze, National Secretary Coloman Revesz, Chairman of the Board Julius Macker and director Richard J. Phillips to represent the' Association on this occasion. 33. ) The Board regrets but it cannot comply with the request of aged member Charles Nagy of Branch 466, in regards to assistance to be rendered to the aged members of the Association. The Association is doing everything possible within the limitations of the insurance statutes and our By-Laws for aiding our aged members. 34. ) Adopting the committee recommendation the Board regrets its inability to comply with the request of John P. Toth,.member of Branch 34. 35. ) The Board authorizes the purchase of 48 copies of the book '"Kossuth, the Magyar Apostle of Democracy” for distribution among the 48 governors of the United States, as a gift« of the Verhovay Fraternal Insurance Association. 36. ) The Board authorizes the purchase and distribution among our English speaking branch managers of 100 copies of the booklet “Steps to Leadership.” 37. ) The report of the Committee on Finance, Investments and Real Estate — (Vice-President Dr. Kovács, directors Phillips, Gross and Taylor) — is read, in regards to which the following actions are t*ken: 38. ) The statements showing the financial condition of the Verhovay Homes operating in Crescent, 0., Kulpmont, Pa., McKeesRocks, Pa., South Bend, Ind., Springdale, Pa., Alliance, O., and Columbus, O., are adopted and apnroved by the Board. 39. ) Acting upon the recommendation of the Finance Committee, the Board authorizes a loan of $3,000 to the Verhovay Home of Branch 88, Yatesboro. Pa., which amount will be used for certain repairs and alterations to the present structure. 40. ) The Board cannot comply with the request of Branch 14, Cleveland, O., to have the Association assume the rent for the District Office of the Verhovay. Obviously, the Association cannot comply with such request as to do so would be in contradiction to a previous resolution of the Board which specifically forbids the payment of rent for district offices, or any other kind of offices, housed in Verhovay Homes that are properties of the Association. Furthermore, the Board cannot assume jurisdiction over the amount of rental to be paid the Verhovay Home by one of the local branches as all disputes arising between branches in regards to rents they are to pay must be determined by the parties involved in the dispute. This is a matter for the management committee of the Verhovay Home to decide. 41. ) Samuel Gomory, M.D., Chief Medical Adviser, appears before the Board to answer questions put to him by the Board. The Board wishes to express its appreciation to Dr. Gomory for kindly clarifying certain matters. 42. ) The Board is aware of the fact that the Verhovay Home of Branch 336. Harrisburg, Pa., did not submit the customary annual statement as required by board resolution. The Board instructs the Home Office to call upon the management of the Home to urgently submit the financial statement. 43. ) The Board adopts the committee recommendation in regards to the request of the Elk Importing Company and regrets that it cannot consider the matter of granting a construction loan to said Company, as under present laws the Association is not permitted to lend money for such purposes. 44. ) The Board adopts the Committee recommendation and authorizes the National Treasurer to set up a program of possible new investments. 45. ) The Board acknowledges the report of the Finance Company concerning the defaulted interest payments ton $20,000 Missouri Pacific Railroad Co., 5% bonds and the $15,000 Dade County, Florida, bonds. 46. ) The Board acknowledges the report of the Finance Committee concerning the liquidation of the Middlewest Corporation holdings and our acquisition of liquidating dividends and a substantial block of stocks in various utilities. 47. ) The Board regrets but it cannot avail itself of the offer of the Porter Title and Trust Company in regards tc short-term Certificates of Deposit,1 paying H% interest inasmuch as a considerable amount of cash would have .to be invested in order to derive any worthwhile earnings. 48. ) The Board adopts the Committee recommendation and authorizes the National Treasurer to proceed with maintenance and repair work on the Home Office building. 49. ) The Board acknowledges the Committee report relative to our bond, portfolio, calls, sales and purchases during the period of July 1, 1950 to December 31, 1950. 50. ) The Board adopts the Finance Committee recommendation relative to increasing our holdings in railroad bonds. 51. ) The Board hears with keen interest the report of Director Falussy concerning the activities carried on by the American Hungarian Relief, Inc., and the tremendous and effective aid extended to the newly arrived displaced ■ persons. In view of the fact that the agncy is still operating and doing such magnificent work, the Board directs that our representation be continued and further authorizes director Falussy to act in this regard. 52. ) At the September, 1950, meeting of the Board a resolution was adopted authorizing a $100 cash award to the individual or branch submitting the best recommendation for the changing of the name of the Association. At this meeting, by a vote of 8 to 2, the Board rescinds the original resolution find authorizes the payment of a $500 cash prize to the individual or branch íecommending the name judged most suitable for the Association. In the event the new name will be submitted by several individuals or branches, thei award shall be split. The Board also rules that every one, regardless of the( position now held in the Association, shall be eligible to participate in the contest. The changing of the name of the Association will be discussed and decided upon by the National Convention and the awarding of the cash prize is. subject to Convention approval of the proposal to change the name Of chef Association. 53. ) The Board approves the proposed amendments to the By-Laws pertaining to page 81, paragraph 1 and 3; page 82, paragraph 2 and 5, which proposed amendments have been prepared with the approval of the Insurance« Department of the State of Pennsylvania. 54. ) In addition to the proposed amendments to the By-Laws that previously had been submitted to the branches, the Board adopts the followingnew proposed amendments to be presented for action to the National Convention: 55. ) The Board, seeking at all times to conform to the aims and requirements of good citizenship, proposes the inclusion of the following provision in paragraph 58 of the By-Laws entitled “General Requiremtnts For Holding Offices: “No member of a party, organization or movement declared subversive by the U.S. Attorney General, the aims of which are opposed to the Constitution and aims of the United States, or who has been a member since said groups were declared subversive by the U.S. Attorney General, is eligible to become a delegate to the National Convention, to hold office or to be employed by the Association.” 56. ) The Board resolves to present a proposal to the National Convention whereby the requirement of being a member of the Sick Benefit Department for being eligible to become a delegate to the District Sessions or the National Convention, shall be eliminated, while the requirement of holding at least a $500 life benefit certificate in addition to being a member in good standing for at least two years shall remain in force. 57. ) The Board resolves to present a proposal to the National Convention to amend the By-Laws so as to eliminate the presently maintained distinction between English speaking and Hungarian speaking branches. It is the undivided opinion of the Board that the advantages of differentiating between the English speaking and the Hungarian speaking branches are now gone and ehe continued maintenance of this practice would serve no useful purpose whatsoever. By discontinuing this differentiation, it is hoped that more and more able young men would avail themselves of the opportunity of taking a greater part in the administration of their branches and the Association. 58. ) In conjunction with the above, the Board resolves to present a proposal to the National Convention to amend the By-Laws so as to reduce the number of directors from 13 to 9. This reduction becomes especially timely by the discontinuance of the differentiation between English speaking and Hungarian speaking branches which obviates the necessity of electing directors specially representing the English speaking branches. 59. ) The Board discusses the articles and letters which written by Andrew Fay-Fisher and other Verhovay members and appearing in the “Hungarian Miners' Journal” over a period of more than half a year, agitated publicly and in the most objectionable language against the constitutional actions of the administration as the constitutionally elected organ of the Association. First of all, the Board declares that it is in full accord with the statement signed by the four National Officers that appeared in the February issue of the “Verhovayak Lapja,” and on the basis thereof most emphatically rejects the attacks and accusations contained in these articles. Furthermore, in view of the fact that all the constitutional ways and means for expressing, seekingacceptance for and publishing their opinions have been available to the authors of these articles and letters, which they avoided to use and instead brought them to public notice in a newspaper edited by a Verhovay member but enjoying no official status in regards to the Association, the Board of Directors most emphatically disapproves and condemns the action of the Verhovay members who wrote these articles and letters, the more so because thereby they could cause grave moral and material harm nob only to the National Officers, the Board of Directors, and the Field Manager, but also to the Association. According to the provisions of the By-Laws, as set forth in paragraph 9, the Board of Directors is responsible only to the National Convention, and the Board of Directors will be ready to account with a clear conscience : or ail . of its actions to the National Convention. In the meantime, the Board of Directors solemnly rejects all attempts at being made accountable to unauthoritative elements whose purpose is to take precedence to the highest and only authoritative forum of the Association, the National Convention, arriving at its judgment on the basis of facts, and to pass' judgment on the basis of misrepresentations on the administration or any of the members of the administration of the Association. 60. ) The Board discusses the Pension Plan, which originally adopted by the 1947 National Convention, had to be shelved in view of the circumstances surrounding the matter. The Board of Directors direct the National Officers to work out the details of a pension plan in consultation with our Actuary. 61. ) In accordance with instructions issued by the Board of Directors to the National Officers at the September, 1950 meeting, the following plan is presented to the Board with regard to the proper usage of the Verhovay Assistance Fund, which plan is adopted by the Board: A maximum of $400 shall be made available to members but only after the required investigations as to their financial status have been made. These amounts shall be issued only upon approval by the Board of Directors, to bei given at the meetings of the Board. However, the Board authorizes the four National Officers to issue grants up to $100 if requests should come through between directors’ meetings. The Board resolves that these grants shall be used only toward medical and hospital care. 62. ) The Board requests the National Officers and the Home Office to (Continued on page 7)
