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

1970-05-01 / 2. szám

known as William Penn Fraternal Association), Branch 14 Funds, representing the proceeds of the Branch Home sold in 1962, held in escrow by Nicholas Yuhasz, Bertalan Szilagyi and Joseph Kovach;

RESOLVED FURTHER, that the Board desires to take this opportunity to express its thanks, appreciation and commendation to Nicholas Yuhasz, Bertalan Szilagyi and Joseph Kovach for their dedication to the Fraternal purposes of the Association in acting as Trustees for the Branch Assets, and

WHEREAS, the Board is willing to permit the funds to be retained in escrow as a Social Home Fund by the Branch under certain conditions;

NOW, THEREFORE, BE IT RESOLVED by the Board that the Branch 14 President, Secretary, Treasurer and National Treasurer shall be named the Trustees for these bank accounts;

RESOLVED FURTHER that no part of the interest in excess of $2,000.00 and no part of the principal may be expended annually by Branch 14 without prior approval in writing from the Board of Directors;

RESOLVED FURTHER, that the nonprofit corporation charter under the laws of Ohio known as Verhovay Aid Association Branch 14 be dissolved through appropriate Branch action.

18. The Board ensued on a lengthy discussion of conflict of interest of Branch Officers, and unanimously adopted the following resolution:

RESOLUTION RESOLVED THAT, WHEREAS, the Board is authorized under the By-Laws to administer the corporate powers, protect its Charter, act as the governing body of the Association when the Convention is not in session, exercise full authority in all matters pertaining to the affairs of the Association and to establish rules for its administration, and

WHEREAS, it has come to the attention of the Board that some Branch Officers represent or are in the employ of fraternal benefit societies or companies engaged in selling life insurance, thereby resulting in a conflict of interest, since such officers cannot carry out the purposes of our fraternal association in securing new members and they may subvert their office for the purpose of procuring new members from the William Penn Membership Roll, thereby injuring our Association.

NOW THEREFORE, BE IT RESOLVED, and the Board does adopt the following Rule:

“No member who is a full or part time employee of any fraternal benefit society or company engaged in selling life insurance shall hold any Branch Office in the William Penn Fraternal Association; such dual office and employment is deemed a conflict of interest contrary and injurious to the best interests and purposes of the William Penn Fraternal Association.”

RESOLVED FURTHER, that any Branch Officer holding his position contrary to this rule is hereby declared forfeited and vacant.

19. The Board adopted the following resolution pertaining to the Hungarian Studies Foundation.

RESOLUTION WHEREAS, the American Hungarian Studies Foundation wishes to recognize the William Penn Fraternal Associations’ support of the Foundation by awarding it with the “Theodore Von Karman Award” at the Washington Awards Dinner in New York City, April 15, 1970, and

WHEREAS the Board of Directors accept this signal honor;

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 Mr. Elmer Charles, National President, accept this award and be it further resolved that a delegation of Board Members be present at the award ceremonies;

20. Mr. Elmer Charles, National President reports that conferences were held with each former Agency Manager and collectively with the Supervisors of Agencies, to explain the field operation for the year of 1970. All former Agency Managers accepted a General Agent’s contract on a basis of “understanding and Intent.”

21. The Board accepted in its entirety the Report of the National President to the Board of Directors, dated March 9, 1970.

22. The Board adopted the following resolution pertaining to dividends.

RESOLUTION IT IS HEREBY RESOLVED by the Board of Directors in regular quarterly meeting assembled in Pittsburgh, Pennsylvania this 10th day of March, 1970 that dividends for the calendar year 1970 be declared on:

1941 C.S.O. Certificates,

American Men Certificates, and 1958 C.S.O. Certificates as per original dividend tables.

BE IT FURTHER RESOLVED that dividend payments made since January 1, 1970 be approved.

23. The Board acknowledges the invitation extended by Branch 27 of Toledo, Ohio and the Tournament Committee to the Board Members, National Officers, Auditing Committee Members, their wives and all members of the Association to attend the 1970 Bowling Tournament and Fellowship Days to be held in Toledo, Ohio on May 30, 1970 and May 31, 1970.

24. The Board adopted the following resolution pertaining to the Pennsylvania Insurance Department Report of Examination.

RESOLUTION RESOLVED by the Board of Directors in regular quarterly meeting assembled in Pittsburgh, Pennsylvania this 10th day

of March, 1970, that having reviewed, in its entirety, the Commonwealth of Pennsylvania Insurance Department Report of Examination for the period ending December 31, 1968, is ratified on the basis of mail ballots dated October 29, 1969.

25. The Board accepted the Report of the General Counsel, as corrected.

26. Director Ivancso speaking in behalf of the 1970 Bowling Tournament and Fellowship Days Committee which consists of Director Danko, Director Wukovits and Director Ivancso, reported to the Board that plans for the forthcoming Bowling Tournament and Fellowship Days are progressing as scheduled. Arrangements have been completed for the bowling lanes, transportation, and the hotel, a Bowling Banquet has been arranged, the cost of which will be $7.50 per person. Director Ivancso urged that as many bowlers as possible attend this Tournament. Report of the Committee is adopted.

27. In connection with the Bowling Tournament and Fellowship Days, the Board adopted the following as recommended by the Bowling Tournament Committee:

a) The customary $1,500.00 be allocated, in addition to the bowling prize monies, for scratch prizes.

b) A roving trophy be presented to the winners of the Men’s and Women’s Team Events. The winners names will be engraved on these trophies every year. The trophies will be displayed at the Home Office.

28. The Board adopted the following resolution pertaining to the Budget.

RESOLUTION

WHEREAS, the Board of Directors has reviewed the proposed Budget for the year 1970, and;

WHEREAS, certain changes have been made therein;

NOW, THEREFORE, be and it is hereby resolved by the Board of Directors in regular quarterly meeting assembled in Pittsburgh, Pennsylvania this 11th day of March, 1970 that the Budget for 1970, with the changes approved, be adopted and copy of the revised Budget be furnished to each Director;

BE IT FURTHER RESOLVED, that the National Officers be and they are hereby authorized to combine all departmental budgets into one general budget and, where necessary, change General Ledger Account numbers accordingly.

29. The Board acknowledged receipt of letters of thanks and appreciation from American Hungarian Studies Foundation, Hungarian Catholic League of American and Stephen-Solyom Fekete for donations from the Association. From the Mrs. Aladar Fiok Family and Mrs. Ethel- Teghze Gerber for remembrances in their recent bereavements. From John Hegedűs and Alex Virok, Branch 13, Trenton, New Jersey for receiving the Illustrious Citation and from Mor Roth, Branch 048, New York, New York, for the fine

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