Verhovayak Lapja, 1952 (35. évfolyam, 1-12. szám)

1952 / Verhovay Journal

-yAGE 2_____________________________________________________________

Verhovay

September Board Meeting High Lights

(Continued from page 1)

tvere amended to conform with state insurance laws. These amendments can be found in the Board Minutes.

The Board of Directors also increased the limit of life insurance from $10,000 to $15,000 on any one life. Additional accidental death benefit limit remains at $5,000. The maximum liability which the association will assume on any one life is $20,000.

A change approved pertaining to those members who receive the maximum sick benefits will automatically for ten cents per month continue the maiming benefit protection in force, unless the member in writing to the Home Office requests cancellation of the maiming benefit.

SCHOLARSHIP LOANS GRANTED TO TWO MEMBERS

Theodore Michael Szukhent, Branch 214, Flint, Michigan, and Miss Agnes J. Gyuran, Branch 370, Lynch, Kentucky, were extended scholarship loans to continue their university studies.

RAPID PRINTING COMPANY AWARDED PRINTING OF OFFICIAL PUBLICATION

The Board of Directors accepted the bid of the Rapid Printing Company, Detroit, Michigan, consequently the Verhovayak Lapja and the Verhovay Journal will continue to be printed by this fine, printing establishment. The bid of this firm war, the lowest among the three bidders; also ehe Board of Directors took into consideration the excellent work cone and the cordial relationship existing between the two parties.

PITTSBURGH MAGYAR HOUSE

The Board of Directors accepted the offer of the Pittsburgh American Hungarian Social Association which will return the ownership of the Pittsburgh Magyar House to the Social Association. It was also the request of Branch 34, Hazelwood, Pittsburgh, that this action be taken. The best is wished to all concerned and it is hoped that this action will create understanding and harmony in Pittsburgh Magyar social life.

NEW BENEFITS TO BE EXTENDED TO MEMBERS

The Board of Directors approved the issuance of several new insurance benefits, including seme entirely new types of protection never before offered to our members. As soon as these benefits are approved by the various state insurance departments cur field force will be given the opportunity, after necessary instruction and training, to present these new benefits to our membership.

Minnies of the Board of Diretors*

Meeting

Minutes taken at the regular semi-annual meeting of the Board of Directors of the Verhovay Fraternal Insurance Association, Pittsburgh, Pa., convening on Monday. Sept. 8, 1952, and the following days of the week, in the Board Room of the Home Office.

Present are National President John Bencze, Vice-Presidents Julius Macker and Dr. Andrew Kovács; Directors Joseph Turner, Henry Gross, Coloman Kolozsvary, Jchn Vizzi, Louis Vizi, Stephen Lang, Albert Ibos, .Aloysius Falussy, Alexander Gyulay, Gay B. Banes, Richard J. Phillips. Also National Officers, Coloman Révész, John Szalanczy and John Sabo.

1. Notional President John Bencze warmly greets the assembled directors cn the occasion of the second session of the year. He anticipates a most1 successful and fruitful meeting conducted with utmost harmony and understanding.

2. Director Louis Vizi on behalf of himself and Joseph Miller, Jr, Branch Manager of Br. 59, extends greetings and best wishes to the Board. The Board acknowledges same with appreciation.

3. National President John Bencze, on behalf of Gasper Papp, Chairman of the Auditing Committee, extends his best wishes and that of the Auditing Committee, to the Board fer a most successful meeting. The Board acknowledges same with appreciation.

4. Director Alexander Gyulay conveys greetings of Br. 525 and its members to the Board, which is acknowledged with thanks.

5. The schedule of business, as prepared by the National Officers, is adopted by the Board of Directors.

G. The minutes of the Special Meeting, taken during the 1952 National Bowling Tournament on May 31, at Columbus, Ohio, is read and approved.

7. The Beard hears the reports of the National Officers concerning the activities of the Association during the past six months. Tb.e Board accepts them as a basis of a detailed discussion.

8. The Board rcknowedges the arrangements eompléted by the National. Officers in connection with the annual picnic for the Home Office employees, directors and officers.

9. For the purpose of conducting the customary Home Office examination, the Board divides into the following committees:

Finance and Investment

Directors Gross, Banes, Phillips, Macker

Organization and Planning

Directors Dr. Andrew Kovács, Lang, Turner, Ibos, Gyulay.

Appellate and Solicitation

Directors Falussy, Kolozsvary. Louis Vizi and John Vizzi.

1C. At 12:30 P.M. National President John Bencze adjourns the meeting until the completion of the Home Office examinations by the various abovenamed committees.

11. The committees having completed their examination of the Home Office, National President John Bencze convenes the meeting at 2:30 P. M. Present are the same.

12. The minutes taken on Monday are read and approved.

13. The Committee on Appellates and Solicitations renders its report, on the basis of which the Board renders hhe following decisions.

Journal _________________________________________________

October 15, 1952.

14. The Board regrets but it cannot comply with the request of Michael

K. Molnár, Branch Manager of Br. 147, Avella, Pa.

15. The Board adopts the Committee recommendation and grants approvalj

of the issuance of a scholarship loan to Tivadar Szukhent of Br. 214, Flint, Michigan, inasmuch as all requirements for said loan have been met by the applicant. . \

1G. The Board similarly approves of the scholarship loan to Agnes J. Gyuran of Br. 370, Lynch, Ky.

17. The Board adopts the Committee recommendation and orders that Mrs. Joseph Dolgos of Br. 32, Gray W. Va., be reinstated in the Maiming Benefit Department retroactive to February 1, 1949, provided that subjectmember pays the maiming benefit dues from said date. In this connection the Board orders that in all future cases where the maximum amount of sick benefit has been withdrawn, the member will retain the maiming benefit privilege by the payment of 10 cents per month. In cases where the member has no desire to retain the maiming benefit privilege he communicate in writing his request for such lapse of maiming benefit right.

18. The Board adopts the Committee recommendation and orders that the citation “Illustrious” with attendent scroll be conferred upon National Treasurer John Szalanczy, who, as a previous member of the Board ofi Directors, and now as a National Officer, has with great zeal, faith .and determination carried on his work in behalf of the Association.

19. Similarly, the Board orders that the same citation “Illustrious” be conferred upon Director Henry Gross, who for more than 6 years as a member of the Board of Directors, and for 22 years, as a member and President of the merged Workingmen’s Sick Benefit Association, has been carrying on important W'ork in our behalf.

20. The Board orders that the citation “Illustrious” be conferred upon Andrew Molnár, who has for more than 25 years served the affairs of Br. 34. loyally and faithfully. *

21. The Beard in recognition of the more than 15 years service of Michael Papp, of Br. 214, Flint, Michigan, orders conferring of the citation ‘■Illustrious”.

22. The Board adopts the committee recommendation and orders that the Association be suitably represented at the 45th Anniversary Celebration i; Br. 45, Cleveland, Ohio, on October 5, 1952, and delegates (1) National! Officer and the (2) regional directors to represent the Association at this function.

23. Similarily, the Board directs that (1) National Officer and regional Director Richard Phillips be delegated to represent the Association at thel 40th Anniversary Celebration of Br. 214, Flint, Michigan, on October 26, 1952.

24. Dr. Gomory, Chief Medical Advisor appears before the Board.

25. The Board approves the motion to promote Miss Frances A. Furedy to the position of Assistant to National Auditor, with authorization to sign checks, effective October 1, 1952.

26. Mr. Harley N. Bruce, Association Actuary, appears before the Board to discuss and clarify the three new forms of policies we are contemplating

issuing in the near future.

27. Stephen J. Matasy, Legal Counsel, appears before the Board.

28. The Board orders that Vice-President Julius Maeker and one National! Officer be delegated to represent the Association at the festivities of Br. 194, Rossford, Ohio, and Br. 27, Toledo, Ohio, celebrating their merger, Oct. 19, 1952.

29. The Finance Committee’s report is presented and the following decisions are brought by the Board: ,

30. The Board adopts the Finance Committee’s report and acknowledges same.

31. The Board adopts the Finance Committee’s recommendation relative! to the Hazelwood Home.

32. The Board adopts the Finance Committee's recommendation relative; to the request of Br. 2 at Kulpmont Pa.

33. Director Alexander Gyulay, Secretary of the Committee on Organizing and Planning reads the report of this Committee and the recommendations contained therein are adopted by the Board.

34. The Board orders that the following resolution be spread upon the Minutes, brought about by the request of the New' York State Department of Insurance regarding certain sections of our By-Law^s, which sections of By-Laws shall be modified at our next Convention:

RESOLUTION

WHEREAS, the Insurance Department of the State of New York, by and through, Thomas J. CALOGERO, Acting Deputy Superintendent, called to the attention of the Verhovay Fraternal Insurance Association that' certain provisions contained in the By-Laws are not acceptable, as they

lead at the present time.

That in a letter received from the New York Insurance Department, dated May 6th, 1952, certain changes were recommended, so the By-Laws chould conform with the Insurance Laws of the State of New York. So, in accordance with said recommendations, the following changes are to be made, as same have been accepted by the New York Insurance Department as being satisfactory and in conformance with the Laws of the State:

1. Section 31, Pages 47-48.

Should read as follows:

“The Certificate, together with any riders or endorsements attached thereto, the Charter or Articles of Incorporation, the Constitution and By-Laws of the Association, the application for membership and declaration of insurability signed by the applicant, which is attached thereto, shall constitute the; entire contract as of the date of issuance between the Association and the member; and copies of same, certified by the Secretary of the Association, shall be received in evidence of the terms and conditions thereof. Any changes, additions or amendments to said Charter or Articles of Incorporation, Constitution and By-Laws of the Association duly made or enacted subsequently to the issuance of the certificate, shall bind the member and the beneficiaries, and shall govern and control the contract in all respects the* same as though said changes, additions or amendments had been made prior to and were in force at the time of the application for membership and before the receipt of the membership certificate.”

2. Section 31, Pages 56-51. — Part 6.

Should read as follows:

“6) Change of Beneficiaries.

A member may change his beneficiaries at any time, but only on a