William Penn Life, 1970 (5. évfolyam, 1-4. szám)

1970-05-01 / 2. szám

National President be approved and made effective April 1, 1970.

12. The Board approved the transaction of the Investment Committee from July 1 to December 31, 1969.

13. Board Chairman, John P. Balia, introduced Mr. Douglas Raymond, Vice President of Automated Business Service of the Western Pennsylvania Bank, who informed the Board on the present status of the reprogramming of the Billing System. Following his report, the Board Members individually and collectively asked pointed questions of Mr. Raymond. The Board was particularly concerned about the February billing. In the first place the billing was exceptionally late and unfortunately bills were sent to members who had passed away, or who had paid up certificates, matured endowments or cash surrendered. Mr. Raymond accepted full responsibility for these errors and assured the Board the errors had been corrected and these errors would not reoccur. Several Directors complained about members being billed twice in February even though payment had been made by the member. Other complaints by the Board Members were instances where members complained of not receiving payment due notices at all in February. Mr. Raymond explained to the Board that they were already checking out these complaints on the basis of name, Branch and certificate numbers furnished to them. Each such case reported to them will be checked out to correct any errors that may exist. Mr. Raymond was asked who would be responsible for the cost of rectifying these errors because the Board does not feel that the Association should pay for any corrections that resulted from errors of omission or commission by the Computer Center. The Board insisted that the National President review all invoices submitted by W.P.N.B. Mr. Raymond states that at times they had technical questions which they assumed to resolve and apparently their assumptions were incorrect.

The Board informed Mr. Raymond that the Association had agreed to reprogramming our billing system for a stipulated

sum. The Association does not object paying this amount provided the reprogramming is accurately completed. The Association has been tolerant about some of the technical difficulties encountered by W.P.N.B., however, the Association cannot afford to suffer loss of image and prestige in the field and among our membership and this loss is immeasurable.

In the future, if W.P.N.B. has any questions these should be presented to the officers to be resolved and W.P.N.B. should not proceed in any questionable field until Home Office approval has been given.

14. The Board commences a lengthy discussion on the American Life Association. Director Rev. Jacobs moved, Director Ivancso seconded and the Board unanimously adopted the following resolution pertaining to the American Life Association.

RESOLUTION RESOLVED THAT WHEREAS, the 1967 Convention authorized merger with Sister Fraternals, and WHEREAS, the Association has supported litigation to preserve the assets of the American Life Association for its members and the Ohio Courts have ruled that a Trustee should be appointed to administer those assets in Ohio, and WHEREAS, the William Penn Merger Committee has negotiated with the Board of the American Life to the end that it should reorganize in order that it be recognized by the Connecticut Insurance Department as an existing Connecticut Corporation, and

WHEREAS, it now appears that the interests of the members of the William Penn and the American Life can best be served by merging the corporate shell of the American Life into the William Penn, NOW THEREFORE, be it resolved by the Board of Directors, William Penn Fraternal Association, in meeting assembled that the Merger Committee of William Penn Fraternal Association be and is hereby authorized to negotiate an equitable merger between the American Life Insurance Association and the William Penn Fraternal Association with the latter

THE BOARD OF DIRECTORS of the

WILLIAM PENN FRATERNAL ASSOCIATION announces with profound sorrow the death of

BÁLINT CSETE

(Br. 45, Cleveland, Ohio)

an ILLUSTRIOUS MEMBER of this Association. The Board of Directors in paying final Tribute to the memory of our ILLUSTRIOUS MEMBER, conveys on behalf of the membership of the Association, its deepest sympathy to the bereaved family. Mr. Csete was an active Officer of former Branch 120, Perth Amboy, N. J.

to remain as the surviving corporation with reasonable costs to be paid by the William Penn Fraternal Association;

BE IT FURTHER RESOLVED that the General Counsel is authorized to prepare a Merger Agreement and the Officers of the Association are authorized to execute and file the said Agreement and secure approval from the Insurance Departments of the State of Connecticut and Commonwealth of Pennsylvania;

RESOLVED FURTHER, after approval and consummation of the Agreement the Officers of the Association are authorized to intervene in the legal proceedings in the State of Ohio to recover the American Life ässcts *

RESOLVED FURTHER, that in event the assets are recovered the Committee be authorized to negotiate with the former officers and Board of the American Life Association for participation in the affairs of the William Penn Fraternal Association.

Adopted this 10th day of March, 1970.

15. General Counsel, Gay B. Banes read his report to the Board. The Board accepted his report for further deliberation.

16. The Board discussed the St. Stephen’s Society Merger, and unanimously adopted the following resolution:

RESOLUTION

WHEREAS, the St. Stephen’s Society of Trenton, New Jersey, has again requested the William Penn Fraternal Association for affiliation, and

Mr. R. E. Bruce, Consulting Actuary, has calculated a schedule of insurance the William Penn Fraternal Association can offer the 940 adult and 24 junior St. Stephen’s Members for their assets, and

WHEREAS, the proposal has met with the informal approval of the Pennsylvania Insurance Department, and

WHEREAS, the proposal is being submitted to the St. Stephen’s Members for acceptance;

NOW, THEREFORE, be and it is hereby resolved by the Board of Directors in regular quarterly meeting assembled in Pittsburgh, Pennsylvania this 10th day

of March, 1970 that the proposal made to St. Stephen’s members be approved;

BE IT FURTHER RESOLVED that proper officers are hereby authorized to consummate an agreement with St. Stephen’s Society Officers for their members to affiliate with William Penn Fraternal Association;

BE IT FURTHER RESOLVED that a three year moratorium be placed on cash surrenders for those St. Stephen’s Members Age 47 or over.

17. The Board adopted the following resolution pertaining to Verhovay Aid Association, Branch 14, Cleveland, Ohio funds.

RESOLUTION

RESOLVED THAT, WHEREAS, the Board has received the report of President Charles and General Counsel pertaining to Verhovay Aid Association (now

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