William Penn Life, 1968 (3. évfolyam, 1-12. szám)

1968-08-01 / 8-9. szám

tail all aspects of the AMERICAN FUND and the appeal in connection therewith. General Counsel Banes reported that the Insurance Department of Pennsylvania, by letter, dated April 9, 1968, indicates its position as follows: “It is assumed by the Pennsylvania Insurance Department that the present appeal will conclude the intervention in the subject legal action unless the appeal is upheld and the Appellate Court orders the Lower Court to permit further participation by the present intervenors.”

The Board was gratified to learn that the Insurance Department of the Commonwealth of Pennsylvania has approved our action and wishes to be advised of the results of said appeal.

24. Supervisor of Agencies, Joseph Toma, Zone I, Gus G. Nagy, Zone II and Frank J. Wukovits Sr., Zone III read their reports to the Board of Directors detailing the activities in their respective Zones. National President Charles, in conjunction with these reports states that he met separately with each Supervisor during the past three months and in the future it will be necessary to have the Supervisors of Agencies meet with each other at least once every three months, between Board Meetings. President Charles requested the Supervisors to continue to submit written reports to the Board at each Quarterly Meeting.

It was moved, seconded and adopted by the Board to accept that portion of the Report of the National President which pertains to the Field Operation.

25. The Board acknowledges the Financial Report of the AMERICANHUNGARIAN FEDERATION.

26. It is requested that the Boards’ Committee Report be read in its entirety; then the Board will discuss, deliberate same and take whatever action may be necessary. Secretary of the Boards’ Committe, Julius J. Lenart read the report in its entirety.

27. The Board acknowledges the resignation of Richard J. Phillips, Investment Manager, effective June 1, 1968.

28. National President, Elmer Charles informs the Board that the Association is in need of stenographic help due to recent retirement of office personnel. He also reports certain office equipment should be replaced due to its age. He foresees that in the very near future many phases of office work will be performed through Computerized equipment. National President, Elmer Charles reports that I.B.M. has developed a system of centralized dictation and letter typing called Magnetic Tape “Selectric” Typewriter. This is a centrally stationed electric typewriter which is tape oriented and can be utilized by several departments through in-put dictating equipment.

The National Officers and Board Committee visited the I.B.M. Sales Office in Allegheny Center where a demonstration was conducted for their benefit. A formal proposal was submitted by I.B.M. for the cost of such an installation.

After considerable discussion and explanations, it was moved, seconded and unanimously adopted by the Board to install two I.B.M. Dictators, one Transcriber, and Magnetic Tape “Selectric” Typewriter, as per proposal submitted by I.B.M. This equipment is to be contracted for on a lease basis.

29. It is moved, seconded and adopted by the Board to accept the Board Committees’ report in its entirety.

30. The request of Branch 14, Cleveland, Ohio is read. The Board remains with its previous decision not to have Hungarian By-Laws printed.

31. The matter of the new building was discussed and General Counsel Banes stated there was no progress to report, as the matter of Air-Rights has still not been acted upon by the State Legislature.

32. The Board adopts the following resolution pertaining to the Employees Pension Plan:

BE IT RESOLVED that it be mandatory for all eligible employees to join the Employees Pension Plan by September, 1968.

33. It is moved, seconded and adopted by the Board that the Hand Book for HOME OFFICE EMPLOYEES and DISTRICT OFFICE EMPLOYEES be approved.

34. It is resolved by the Board that the Board Committee continue to study the Investment Portfolio, its administration and to make a report at the September Meeting.

35. It is moved, seconded and adopted that the President’s Report be accepted in its entirety.

36. It was resolved by the Board that the Budget Report be presented annually, however, should any major deviation occur in the Budget, it is to be reported to the Board.

37. It is resolved by the Board to adopt the following resolution pertaining to the collection of dues at Branch Meetings.

RESOLUTION WHEREAS, The Board of Directors is constantly striving to initiate programs for the benefit of our membership and

WHEREAS, in certain areas there are still elderly members who have difficulty in making their payments directly to the Computer Center.

NOW THEREFORE BE and IT IS HEREBY RESOLVED by the Board of Directors in regular Quarterly Meeting assembled in Pittsburgh, Pennsylvania this 12th Day of June, 1968, that in those Branches which are affiliated with an Agency and where it would not be feasible for a Full-Time Field Representative to be present at these meeting; for the purpose of dues collection, in these special circumstances the Branch Treasurer, with approval of the Agency Supervisor, is authorized to receive payments from elderly members, provided the Payment Due Notice is also furnished with the payment. Branch Treasurer is then to forward such payments directly to the Computer Center in Pittsburgh, Pennsylvania.

It is further resolved that for performing this duty, the Branch Treasurer be reimbursed by the Branch from its Branch Administration Fee, a stipulated, reasonable honorarium.

38. It is moved, seconded and unanimously adopted by the Board that:

(a) An immediate investigation be conducted by Branch 14, Cleveland, Ohio concerning the false statements made at their meeting as to the cost to the Association of the AMERICAN FUND litigation.

(b) The investigation is also to determine by what rights under the By-Laws do certain Branch members threaten legal action against the National President and Directors for action taken by them with the approval of the Convention.

(c) The Board orders that a determination be made as to which Branch 14 member or members had in their possession copy of letter, which appeared in the Szabadság.

39. National President, Elmer Charles expresses his sincere thanks for the deliberations and decisions at this meeting. He emphasized, once again, the importance of keeping our discussions confined to the hearts of those to whom they belong. He extended best wishes to the Board and members of their families and thanked the Board members for the fraternal gathering of last evening, and for inviting his cousin, Antal Gábor of Budapest, Hungary to be a guest at the dinner. President Charles wished each member a safe journey home and a pleasant summer season ahead.

40. Board Chairman, John P. Balia also thanked the Board members for the fine cooperation he was rendered during the proceedings of this meeting. He too expressed a safe and happy summer season to all.

41. Board Chairman, John P. Balia adjourned the meeting at 12 Noon.

Respectfully submitted,

John P. Balia, Board Chairman; Elmer Charles, National President; Frank J. Radvany, Board Secretary; Louis L. Varga and Julius J. Lenart, Vice Presidents; Frank Bero, Stephen Danko, Aloysius C. Falussy, Michael Hegedűs Jr., Stephen J. Ivancso, Rev. Andrew P. Jacobs, Stephen Lang Jr., Joseph Toma, Louis Vassy and Frank J. Wukovits Sr., Directors.

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