Verhovayak Lapja, 1953 (36. évfolyam, 1-12. szám)

1953 / Verhovay Journal

PAGE 2

Verhovay Journal

October 21, 1953

Minutes of the Board of Directors Meeting

Taken at the regular semiannual meeting of the Board of Directors of the Verhovay Fraternal Insurance Association, Pittsburgh, Pa., convening on Monday, September 21, 1953, and the following days, in the Board Room of the Home Office.

Present are National President John Bencze, Vice President Julius Macker and Dr. Andrew Kovács. Directors Gay B. Banes, Aloysius C. Falussy, Henry Gross, Alexander Oyulay, Albert Ibos, Coloiuan Kolozsvary, Stephen Lang, Richard J. Phillips, Joseph Turner, Louis Vizi, John Vizzi. Also present are Legal Counsel Stephen J. Matasy, Field Assistaht to the National President Elmer Charles, as well as the members of the Auditing Committee, Caspar Papp, Andrew Bandy and William C. Kohut.

1. The meeting is called to order at 10:00 A. M. by National President and Board Chairman John Bencze. He warmly greets the assembled Directors on this occasion and acquaints them with the many problems to come before them at this session. He expresses the desire that each problem be considered very carefully, that any decisions rendered be done so witho.ut bias and only after careful consideration of the manifold interests of our Association.

2. Caspar Papp, Chairman of the Auditing Committee, extends g'reetings to the Board on behalf of the Committee, which is engaged in its semiannual audit. His expression of good will is a source of deep satisfaction to the Board

3. Director Vizi extends to the Board the greetings and best wishes of Joseph Miller, Manager of Branch 59. The Board with appreciation acknowledges this gesture

4. The Board acknowledges with appreciation the good wishes tendered by Director Richard J. Phillips on behalf of Stephen Lukacs and Joseph Heck of Branch 36, Detroit, and Joseph Szabó of Branch 443, Detroit.

5. The Board similarly acknowledges with appreciation the greetings of Field Supervisor Joseph Toma, New York City, and Izsó Szekely, editorpublisher of the Amerikai Magyarság, and of John Kelemen, editor-publisher of the Dayton Herald.

0. Director John Vizzi extends to the Board his appreciation, as well as that of his colleagues, Andrew Wagner, President of Branch 248, and Andrew Kiss, Recording Secretary and Controller q/ the same branch, for the Illustrious Citation awards, voted for them at the March 1953 Board meeting, and presented by the branch amidst suitable ceremonies.

7. The agenda is adopted by the Board.

8. The Report of the National Officers, relative to the operations of thenrespective departments during the past six month period, is adopted by the Board and subject to detailed discussion.

9. The Board directs the National Officers to make the necessary preparations for the presentation of the Illustrious Citation and Gold Medal to Di. Samuel C. Gomory on Thursday evening, September 24, 1953, amidst suitable ceremonies at the Roosevelt Hotel. This citation was voted by the Board of Directors in recognition of Dr. Gomory’s loyal and steadfast service to our Association over the past 25 years. At the same time, the Board approves tne presentation of this same award to Legal Counsel Stephen J. Matasy in recognition of his 10 years of faithful service to our Association. The Board accepted with great reluctance the resignation of Stephen J. Matasy, effective September 30, 1953, consequently it felt this was an opportune moment to honor him.

10. The Board divides into several standing committees for the purpose of conducting the customary Home Office examination. Chairman John Bencze adjourns the meeting until the completion of the examination.

11. The Board acknowledges with a deep sense of appreciation the gift (>f member Louis Dull of Branch 27 of a hand-carved Verhovay plaque. The beauty and artistry of this plaque will endure for many years, and the gift shall occupy a favored niche in the Home Office.

12. The various standing committees, having finished their examinations, Chairman John Bencze reconvenes the meeting at 9:00 A. M., Wednesday. Present are the same.

13. The minutes taken at the special meeting of the Board of Directors, held at Toledo, Ohio, on May 30, 1953, are read and approved.

14. The Committee on Appeals renders its report, on the basis of which the Board brings the following decisions

15. The Board orders payment of the death benefit in the amount of $250.00 be paid to the beneficiaries after Fabian Christopher Paul, deceased Juvenile member of Branch 278.

16. The Board regrets that it can not comply with the request of Bartos Janos of Branch 249.

17. The Board regrets that it can not comply with the request of Joseph Varga of Branch 45.

18. The Board wishes to call to the attention of the members the necessity of immediately filing claims for sick benefits.

19. The Board approves the request of John Petrash, Manager of Brandi 46, Wheeling-, W. Va.

20. The Board oruers that the Illustrious Citation be conferred on member James Készéi, Branch 45, who has since 1929 capably and steadfastly fulfilled the duties of an officer of the branch.

21. Similarly, the Board orders the Illustrious Citation conferred on member Vilmos Bodossy, Branch 91, who has filled the positions of treasurer and auditor, and now vice president of the branch.

22. The Board regrets that it can not comply with the request of Joseph Plaveczki of Branch 45.

23. The Eoard can not comply with the request of Klucsik Gyula of Branch 98.

. 24. The Board regrets that it can not comply with the request of Branch 5x6, Home City, Pa.

■ 25. The Board approves the membership of our Association in the California Fraternal Congress.

26. The Board approves the membership of our Association in the West Virginia Fraternal Congress.

27. The Board adopts the Committee recommendation relative to the request of Branch 482, ßeckley, W. Va., and turns this matter oyer to the Home Office.

28. The Board regrets that it can not undertake to approve the request of Branch 383, Buffalo, N. Y.

29. The Board regrets that it can not comply with the request of Branch. 14, Cleveland, Ohio.

30. The Board regrets that it can not approve the request of Branch 48, New York City.

31. The Board regrets that it can not comply with the request of Ferenc Koreh, New York.

32. The Board approves Lie purenase of a tabulating card file for the Tabulating Department.

33. The Board considers the request of the Sheraton Hotel that our Association give it consideration when making our selection of the 1955 Convention hotel. The Board deems it advisable to start preparations early, hence orders the National Officers to survey the hotels in the area, obtaining- from them all particulars in reference to a possible Convention site. The Board requests that such report be made available to them at the March 1954 Board meeting.

34. The Board hears the report of the Committee on Organization, on

the basis of which it brings the following decisions.

35. The Board considers the request of Stephen Lukacs and Joseph Szabó of Detroit, relative to the district office and approves same.

36. The Board adopts tne Committee recommendation relative to the request of member Lengyel József, member of Branch 82, Homestead, Pa.

37. The Board acknowledges the detailed report of, Elmer Charles, Field

Assistant to the National President, concerning- the results achieved by him in the fiela. The Board is pleased to learn that various branch and district offices were visited by him. Further, he was successful in making- arrangements to fill the vacancy in Dayton, Ohio, which organizing work will begin on October 1, 1953. •

38. The meeting recesses at l:0ü P. M.

39. National President John Bencze reconvenes the-meeting at 2:30 P. M. Present are the same.

40. The Finance Committee renders its repoi-t, oil the basis of which the Board brings the following decisions.

41. The Board adopts the Finance Committee Yeport pertaining to the purchase of bonds, and those sold, called or matured.

42. The Board adopts the Finance Committee recommendation relative to the request of Branch 2, Kulpmont, Pa.

43. The Board acknowledges the report of the Finance Committee relative to the status of the Burt County Bridge Commission of Nebraska bonds.

44. The Board regrets that it can not act on the proposal submitted by the Home Loan and Securities Corporation of Cleveland, Ohio.

45. The Board considers the proposition advanced by Fred L. Aiken Associates of Pittsburgh, acting on behalf of a corporation, which proposes to lease from the Association the vacant lot at the rear of oUr building. This matter is turned over to the National Treasurer for further negotiation.

46. The Board rejects the offer of "George Meyer, agent, for the sale of a downtown building.

47. The Board authorizes the National Treasurer to use his discretion in investment of the appropriated funds in F.H.A. and G.I. mortgages.

48. The Board authorizes the purchase of a Cummins check signer machine.

49. The Board adopts the Finance Committee recommendation relative to Branch 296, Spring-dale, Pa.

50. A letter from the Auditing Committee, addressed to the Board, is read and acknowledged with appreciation.

51. National President John Bencze adjourns the meeting at 5:00 P. M. until the following day.

52. Chairman John Bencze convenes the meeting at 9:00 A. M. Present •are all the Directors, National Officers and Stephen J. Matasy, Legal Counsel

The minutes taken on Monday and Wednesday are read and approved with corrections.

53. The Board acknowledges with thanks the invitation of Branch 91, Akron, Ohio, to attend its 15th Anniversary celebration on October 11, 1953.

54. Field Supervisor Leslie J. Dus. thru the medium of Director Coloman Kolozsvary, expresses his appreciation to the Board for making possibie the presentation of the Illustrious Citation and Gold Medal to John Bozsvay and Jacob Torda of Branch 14, Cleveland, Ohio. The presentation was climaxed by suitable ceremonies attended by Coloman Revesz, National Secretary.

55. The Board considers the letter of resignation of Stephen J. Matasy, Association Legal Adviser. In view of the circumstances related therein, the' Board reluctantly and with deep regret accepts his resignation from this position, effective September 30, 1953. During his tenure in this office, the Board found Mr. Matasy to be a loyal and steadfast servant, always on guard to protect the best interests of our Association. His cooperation on all matters with the National Officers and the Board of Directors has been a source of satisfaction to all, and his record for honesty, integrity and loyalty to our Association shall for ever leave its imprint. The Board members bid him a fond adieu and wish him the greatest of success in his undertakings.

56. In view of the fact that a vacancy had been created by the resignation of Stephen J. Matasy, the Board considers the matter of filling this vacancy. National Secretary Coloman ReVesz reports that he has received an application for the position from Attorney Gay B. Banes, present member of the Board of Directors. By unanimous vote Mr. Banes is appointed the Association Legal Counselor.

57. According to our by-laws, the vacancy, created by the resignation of Director Banes, effective September 30, 1953, must be filled by the alternate delegate, duly elected by the National Convention, from the predecessor's district. In view of this fact, National President John Bencze informs the Board that the alternate delegate in the ihird district is Michael Korosy, who shall be notified that, as of October 1, 1953, his name shall be placed among the Directors.

58. The Board of Directors at the special meeting held in Toledo, Ohio, May 30, 1953, delayed action on the implementation of the change of name of our Association until the September 1953 meeting. The Board, after lengthy deliberation, outlines for the National Officers a course of action to be followed regarding the approved change of name.

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