Verhovayak Lapja, 1955 (38. évfolyam, 1-12. szám)
1955 / Verhovay Journal
November 16, 1955. Verhovay Journal PAGE tional Auditor John Sabo, Directors Aloysius C. Falussy and Albert Ibos, and Vice President Julius Macker. With the discussions completed, the Chairman orders voting- to take place. Director Falussy asks for voting by roll call. Since the bylaws requirements are met, there being enough signatures in favor of it, the Chairman orders the voting to take place by roll call. The results of the voting are as follows: Voting yes to the above resolution are: Coloman Revesz, John Szalanczy, John Sabo, Dr. Andrew Kovács, Julius Macker, Stephen Lang, Sr., Richard J. Phillips, Louis Vizi, John Vizzi, Caspar Papp, Andrew Bandy, William C. Kohut, Stephen Szemes, Alex Fabiankovitz, Anthony Noel, John Beky, Stephen Sutch, Jr., Moses Bokor, Stephen Borovich, Andrew Fay-Fisher, Martin Szeles, John Balia', Andrew Toth, Alexander Chobody, Stephen Shavensky, Joseph Miller, Jr., Frank Dudash, John Usko, Stephen Illés, Julius J. Lenart, Charles Kuhn, John Grega, Daniel Matto, Alexander Debreczeny, Sr., Louis David, Joseph Gyuran, Joseph Domokos, John Bokor, Stephen Houser, Frank J. Molnár, Sr., John Kostyo, John Feedler, Joseph Hegedűs, Joseph Semetko, Edward Torda, Joseph Drotos, George Tokár, Jr., Stephen Botos, John P. Kelemen, Joseph Heck, John Denes, Stephen Danko, Andrew Konkoly, Joseph Gross, Joseph Boldizsár, Mrs. Mary Gyiraszin, Adam Schauer, John Matanyi, Stephen Szekely, Frank Balogh, Sr., Joseph Hodits, James Radi, Julius Wank, Moses Csömör, Mrs. John Pocsik, Stephen Haluska, Jr., Andrew Szladics, Miss Elvira László, Stephen Orris, Mrs. Adam Sajtos. Voting no to the above resolution are: John Bencze, Aloysius C. Falussy, Henry Gross, Alexander Gyulay, Albert Ibos, Coloman Kolozsvary, Mike Korosy, Louis Vassy, William Rakaczky, Ladislaus Csenger, Stephen Sipos, Alexander Ancsanyi, Charles Fabian, John Partmann, Adam Simon, Sr., John Zakopcsan, Michael Puskas, James Emody, Alexander Chunko, John J. Inglesby, Joseph Kardos, Stephen Vayda, Stephen Toth, Stephen Lang, Jr., Mrs. Helen M. Nemeth, Vendel Petrovicz, Anthony Rocz, Joseph S. Taylor, Anthony Borsody, John Demko, George Pogány, Jr., Valentine Konyha, Jr., Louis Katona, Stephen Matasy, Michael Simo, James Kovács, Joseph Szalay, Mrs. Coloman Kolozsvary, James Készéi, Anthony Knefely, Bela Takacs, George Jávor, John Mokri, Jr., Julius Danch, Stephen Nyers, Sr., Michael Pécsi, Joseph Horvath, Victor Benczúr, John Pécsi, Nicholas Palla, Joseph Churilla. There are 70 votes for and 51 against the resolution. 54. The following resolution is read by Convention Secretary Julius J. Lenart and translated into Hungarian by National Secretary Coloman Revesz: RESOLVED THAT, Whereas, the assets of the Association have increased from $5,8-38,156.00 on December 31,1943 to $15,368,856.14 as of December 31, 1954, and WHEREAS, the growth in assets has placed arduous burdens on the office of National Treasurer to handle the investment of approximately $15, 000,000 annually, together with all the other duties of this office, and WHEREAS, to safeguard the increasing assets of the Association it is advisable that investments be handled by a full time National Officer. NOW THEREFORE, be and it is hereby resolved that the by-laws of the Association be and they are hereby amended by inserting immediately after Section 41, the following provision: SECTION-------The National Investment Manager The National Investment Manager «hall be responsible for: a. Recommendations to the Board of Directors for Investment progTams of Association funds. b. The buying, selling, exchanging and management of all securities with the approval of the National Treasurer, National Secretary and National Auditor. BE IT FURTHER RESOLVED that Sections 43 and 36 and other sections be and they are hereby amended by adding thereto and inserting in the appropriate place the phrase “The Department of National Investment Manager” and the title “National Investment Manager” for the same tenure as the other National Officers. A debate follows the reading of the resolution, and these speak: Director Aloysius C. Falussy, National Treasurer John Szalanczy, Vice President Julius Macker, Directors Henry Gross, Stephen Lang and Richard J. Phillips, Auditing Committee Chairman Gaspar Papp, National President John Bencze, delegates Joseph Heck, John J. Inglesby, Moses Bokor, Joseph S. Taylor and Joseph Drotos, Auditing Committee Secretary William C. Kohut, Director Coloman Kolozsvary and National Auditor John Sabo. Upon duly seconded motion the Chairman puts the question to a vote, which results in the adoption of the resolution by a large majority. Chairman Radvany adjourns the meeting at 5:10 P.M. until tomorrow at 9:00 A.M. FRANK RADVANY JULIUS J. LENART Chairman Secretary JOSEPH SZALAY MICHAEL PUSKAS CONTINUED MINUTES taken on the third day of the X XI11 National Convention of the Verhovay kráternál Insurance Association, on Wednesday. September 14, 1955, in the Urban Room of the William Penn Hotel, Pittsburgh, Pennsylvania. 55. The Chairman calls the meeting to order at 9:00 A.M. 56. After the Pledge to the Flag, the Chairman requests the Secretary to read the roll, and the Secretary reports that all the delegates are present. 57. The reading of the previous day’s minutes follows. The Chairman appoints delegates Joseph Szalay and Michael Puskas to follow the reading of a copy of the minutes as read by the Convention Secretary", and to certify to its correctness as read. 58. The following additions and corrections to the minutes are made: At point 40, after the name of deceased member Andrew Dobos, insert reference to Branch 23. Names corrected are John A. Hornyak and James Keszei. Insert the name of Stephen Danko as the signer of the resolution for the position of National Field Manager, and John Bokor as the signer of the resolution for the position of National Investment Manager. The name of Joseph Hegedűs is inserted as the one who made the motion accepted in point 39. The Convention unanimously approves the previous day’s minutes as read with the corrections and additions referred to above. 59. Chairman Radvany welcomes the visitors. 60. National Treasurer John Szalanczy requests the members of the Convention to complete their expense statements. He also requests the Convention to put on the agenda the amount of per diem fees payable fcr the traveling time. 61. The Convention unanimously approves the duly seconded motion of Joseph Szalay that the per diem fee in question, for this Convention only, be set at $30.00. 62. John Balia, president of the Springdale branch, requests that the meeting adjourn at 3:30 P.M. because of the banquet this eveinig. The Convention decides to keep in force Monday’s decision to adjourn at 4:30 P.M. 63. The Chairman reads the written request he has received, which is that the Convention allow a proposal of Stephen Matasy to be discussed before the next regular item on the agenda. Since the necessary 15 signatures are affixed, the matter is placed on the agenda. After discussions, delegate Matasy’s motion that “all those who voted against the acceptance of the resolution concerning the new position of National Field. Manager, are not. opposed to the creation of the new position,” shall be inserted in the minutes, is approved by the Convention. 64. August J. Molnár, Professor of Elmhurst College, Elmhurst, Illinois, makes a request that a yearly grant of $2,000 be voted to support the Elmhurst Hungarian Museum and Library building fund, and for the creation of the American Hungarian Studies Foundation. 65. Vice President Macker makes a motion, which is duly seconded, that the discussion concerning the Merger be placed on the agenda, which is done. 66. The request of National Secretary Revesz for calling in the Merger Committee from the Rákóczi Aid Association is unanimously approved. Applause greets the members of the Merger- Committee as they enter tha meeting room, and National President Bencze introduces them individually. 67. Convention Secretary Lenart makes a motion, which is duly seconded, that the entire minutes of the Merger Agreement be read. The motion i# unanimously approved and National Secretary Revesz reads the entire minutes of all Merger Committee meetings 68. The Chairman recesses the meeting for a one hour lunch period. 69. At 2:00 P.M. Chairman Radvany reopens the meeting and requests a roll call. The Secretary reports that all the delegates are present. 70. National Secretary Revesz reads a letter from John Toth, in which Mr. Toth invites the Convention delegates to attend a stage play ou Thursday, 8:00 P.M., at the Hazelwood Hungarian Home 71. Legal Adviser Gay B. Banes reports to the Convention that the contents of the Merger Agreement which the delegates have differ in, some ways from the Merger Agreement which will be read, the change# being the result of recent requirements of the Connecticut and Pennsylvania Insurance Departments, and the previous day’s approval of the two resolutions. 72. The reading of the Merger Agreement, in English by National Auditor -John Sabo and in Hungarian by National Secretary Coloman Revesz. follows. 73. After the reading of the Merger Agreement, on Vice President Julius Macker’s duly seconded motion the Convention accepts the Merger Agreement for detailed discussion. 74. Upon the duly seconded motion of Vice President Macker, the Convention acknowledges the reading of the minutes of the Merger Committee meeting, which minutes were read before the meeting adjourned for lunch. 75. National Auditor Sabo announces that the Greek Catholic Union of America is represented here and introduces its President, Stephen M. Tkatch; its Secretary, John Masich: and its Treasurer, Joseph Sudimack. The Convention applauds the guests. 76. Vice President Macker makes a motion, which is duly seconded, that the point by point discussion of the Merger Agreement be taken up now, which motion is carried. 77. During the point by point discussion of the Merger Agreement, the preamble is approved without debate. 78. The motion by Joseph Szalay, seconded by Julius Danch, for the acceptance of point 1 of the Merger Agreement, is approved. 79. The duly seconded motion of James Keszei, for the approval of Point 2„ is approved. 80. Auditing Committee Secretary William C. Kohut makes a motion, which is duly seconded, for the approval of point 3 of the Merger Agreement which motion is unanimously approved 81. Stephen Matasy requests a clarification of a part of one of thfc introductory paragraphs of the Merger Agreement, which is as follows: ‘‘that all members of the merged society in the various categories shall maintain their contract rights and in no event shall have less than their pre-existing rights in the respective socities.” It is his opinion that thi# part of the agreement ecuid cause serious consequences in respect to the rights of the members and could cause reason for misunderstanding. The question is put to our Legal Adviser for an opinion, and in the debate that follows, in which even Ladislaus Fishbein, Rákóczi Director, participates, it finally develops that, in as much as this is a legal question, the matter should be discussed with our Legal Advisor after today’s meeting, so 'that the issue may be clarified and the findings reported to' the Convention at tomorrow’s meeting. 82. Chairman Radvany adjourns the meeting at 4:30 P.M. until tomorrow at 8:00 A.M. m FRANK RADVANY JULIUS J. LENART Chairman Secretary JOHN MATANYI STEPHEN NYERS, SR. CONTINUED MINUTES taken on the fourth day of the XXIII National Convention of the Verhovay Fraternal Insurance Association, on Thursday, September 15, 1955, in the Urban Room of the William Penn Hotel, Pittsburgh, Pennsylvania. 83. Chairman Frank Radvany opens the meeting at 9:00 A.M. and the delegates voice the Pledge to the Flag. 84. The Convention Secretary conducts the customary roll call and reports that all the delegates are present with the exception of Valentine Konyha, Jr., who has been excused for a short period. 85. The minutes of the previous day are read. John Matanyi an4 Stephen Nyers, Sr. are appointed to check and sign these minutes. 86. No corrections or additions are needed so the minutes are unanimously approved as read. 87. Chairman Radvany greets the visitors to the Convention. He reads
