William Penn Life, 1974 (9. évfolyam, 1-4. szám)

1974-10-01 / 4. szám

remains the member of the Association. The Association assumes no responsibility for the validity of any assignment and will not be bound thereby unless assignments are execut­ed on forms acceptable to the Association and are filed in the Home Office. Any indebted­ness to the Association has priority over any assignment. Point 4 becomes Point 5. Add new Point 6. PAYMENT OF BENEFITS Benefits due minors or in­competents shall be adminis­tered by the Association as Trustee. If a Court of Compe­tent Jurisdiction appoints a Trustee, Guardian or Conser­vator, payment shall be made to such duly appointed Trus­tee, Guardian or Conservator. 17) At the request of National Presidenl it is Moved, seconded and the Board approved that each Board Member shall forward, in writing, to the National Presi­dent within 30 days whatever changes or corrections he deems necessary to the present By-Laws so that further considera­tion may be given to this subject by the By-Laws Committee. 18) Moved, seconded and the Board unanimously adopted that the Executive Committee, when it considers By-Law changes, delete from the By-Laws the man­datory retirement age for Board of Direc­tors, National Officers and Auditing Com­mittee members i.e. delete Section 3 and 6 of Chapter IV and last two sentences of Section I, Chapter VI. 19) Moved, seconded and the Board adopted that the following Branches be dissolved: Branch Location 2 Kulpmont, Pa. 57 Clarksburg, W. Va. 276 Buckner, Illinois 376 Pittsburgh, Pa. 740 Administrative Branch 20) In accordance with Chapter II, Section 1 of the By-Laws the Board of Directors now discusses dividing the mem­bership into Delegate Districts by geogra­phical boundaries. The Board spent consi­derable time studying the present member­ship and the Branches to which they belong. After much discussion and debate it is finally moved, seconded and adopted that a tentative Delegate District by geographi­cal boundaries be established and that be finalized at the December quarterly meet­ing so that the National Secretary then, in compliance with Chapter II, Section 4 of the By-Laws publish the Delegate District in the January, 1975 issue of WILLIAM PENN LIFE. 21) Moved, seconded and the Board requested the Executive Committee in planning for the 1975 National Convention they prepare an Agenda which can be completed in three days and give thought to arranging tours etc. for spouses of dele­gates. 22) Moved, seconded and the Board adopted the following resolution pertai n­­ing to Policy Fees: RESOLUTION WHEREAS, the Association is seeking ways and means to improve on the old bond system of establishing Memórián, and WHEREAS, a policy fee system is now being used in the insurance industry, and WHEREAS, the Actuary has made a study and submitted proposals for policy fee system NOW, THEREFORE, BÉ AND IT IS HEREBY ADOPTED by the Board of Dir­ectors in regular quarterly meeting assem­bled in Pittsburgh, Pa., that a $10.00 policy fee system be adopted and introduced as soon as feasible, and management periodi­cally review the policy fee system and make recommendations for increasing or decreas­ing same. BE IT FURTHER RESOLVED, that when policy fee system is adopted, the Female Rate deduction be eliminated, in keeping with requlations of some insurance departments. 23) Moved, seconded and the Board authorized the Executive Committee to review the rules pertaining to Fringe Bene­fits for newly contracted General Agents and Agents, and bring forth recommenda­tions to the December Board meeting. 24) Moved, seconded and the Board approved the Minutes of the Executive Committee meeting of September 5 and 6, 1974 and ratified the action of the Execu­tive Committee as outlined in the Minutes. 25) President Charles informed the Board that Gus G. Nagy Field Assistant to the President, has just received word that his sister-in-law, Mrs. Ethel Bujdos passed away suddenly. Mr. Nagy was excused from the meeting. 26) National Secretary, Albert J. Stel­­kovics, reported to the Board on his visita­tion to the Calvin Svnod Youth Gamp. He stated that the youth of the camp are enjoying a wonderful program being con­ducted under the leadership of their direc­tor and he was verv much impressed. The support that the William Penn Association gives for this cause will reap fruitful bene­fits to the Association and the Hungarian heritage. Due to the fact there are many William Penn members at this camp we should continue to support and possibly increase this support financially vearlv. He also report to the Board that he represented the William Penn Association at the recent reception for Cardinal Joseph Mindszenty who visited Pittsburgh, Pennsylvania. He extended cordial greet­ings to the Cardinal on behalf of the Association and it was well received by the Cardinal. The Board acknowledged the report of the National Secretary with sincere thanks. President Charles also thanked Secretary Stelkovics for representing the Association, since he was unable to attend these func­tions. President Charles informed the Board that the William Penn Association also supported the Hungarian Festival held at the Garden State Art Center in New Jersey. Present for this affair were Directors Michael Hegedűs, Frank J. Radvany, Zoltán B. Emri and Auditing Committee member, Michael Hrabar. 27) Moved, seconded and the Board accepted the Report of the National Presi­dent to the Board of Directors dated Sep­tember 16, 1974 in its entirety. 28) Director Veszprémi, Co- Administrator of the 1974 Bowling Tourna­ment submitted the Final Report of the National Bowling Tournament which was held in Detroit, Michigan. The Board ack­nowledged the report with sincere thanks and appreciation and again congratulated the administrators and committees who worked so diligently to make this affair so successful. 29) Moved, seconded and the Board adopted the following resolution pertaining to Children’s Christmas Parties. RESOLUTION IT IS RESOLVED by the Board of Directors in regular quarterly meeting as­sembled this 17th day of September, 1974 that the Association’s Treasury subsidize the 1974 Children’s Christmas Parties, as follows: (a) Branches holding Christmas Parties be entitled to one dollar and fifty cents per juvenile member between the ages of 0 and 15. (b) The Home Office Treasury contri­butions not to exceed the following amounts: From 10 to 50 juvenile members - maximum $75.00 From 51 to 100 juvenile members - maxi­mum $150 From 101 to 150 juvenile members - maxi­mum $225.00 From 151 to 200 juvenile members - maxi­mum $300.00 (e) Juvenile membership count to be based on same number as was subsidization for the year 1973. (d) Branches to properlv account to the Home Office, on forms furnished for this purpose, of all funds expended. 11

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