William Penn Life, 1976 (11. évfolyam, 1-4. szám)
1976-04-01 / 2. szám
the proposed Budget for 1976. Following a discussion of same, it was moved, seconded and the Board adopted the proposed Budget for 1976 as outlined in the Report of the National President to the Board of Directors dated March 15, 1976 with the proviso that necessary adjustments be made. 13) The Board next discusses the letter received from the New York Insurance Department dated February 3, 1976, which was a reply to the letter General Counsel Gay B. Banes had written upon instruction of the Board of Directors per December 17, 1975 Board Minutes. After hearing General Counsel’s explanation of this letter, it was moved, seconded and unanimously adopted by the Board, that the National Secretary notify all Directors who have been granted a first mortgage loan of the New York Insurance Law and request that within a reasonable length of time they refinance their mortgages. It was further resolved that in the future no first mortgage loans be granted by the Association to children, parents or spouses or directors, officers and auditing committee members. 14) It was moved, seconded and the Board of Directors ratified the actions taken by the Investment Committee during the year 1975. 15) National Secretary Albert J. Stelkovics read the Minutes of the Executive Committee Meetings held on January 13 and 14, 1976 and March 4 and 5. 1976. 16) Moved, seconded and the Board adopted the recommendation of the Executive Committee pertaining to salary increases for the three National Officers and General Counsel as outlined in the Minutes of the Executive Committee. 17) The Board commenced discussion of Employees salary question, and thoroughly reviewed the program proposed by the Executive Committee. Moved, seconded and the Board adopted that each Employee be granted an increase in salary effective April 1, 1976, as proposed by the Committee. 18) Moved, seconded and the Board unanimously adopted to provide a salary increase to Mr. Gus G. Nagy, Vice President, Membership Services. 19) It was moved, seconded and unanimously adopted to increase the Honorarium of Medical Director Gregory M. Lang, M.D. 20) The Board commenced to review Paragraphs 12 through 16, Page 9 and 10, Minutes of the Executive Committee Meeting dated March 5, 1976 which pertains to agents, agency contracts and matters pertaining to the Field Operation. Moved, seconded and the Board referred these matters to the Executive Committee for further negotiations. 21) After considerable discussion, it was finally moved, seconded and adopted that the Consulting Services for the Official Publication be terminated. 22) The Board reviewed the applications for the planned charter European Trip which would take place in September and found the response to be less than anticipated. It was moved, seconded and adopted by the Board to cancel the planned charter trip to Hungary in September. 23) It was further resolved by the Board that should additional interest take place from members planning to visit Hungary in September, arrangements may be made in other than a charter flight, such as a group flight, etc. 24) Moved, seconded and the Board accepted the recommendation of the Executive Committee pertaining to the 1976 Bowling Tournament and 90th Anniversary celebration of the William Penn Association. Final arrangements and invitations were referred to the Executive Committee. 25) Moved, seconded and the Board accepted the Minutes of the Executive Comnittee Meetings held January 13 and 14, 1976 and March 4 and 5, 1976 and ratified the actions taken by the Executive Committee. 26) The Board acknowledged with sincere thanks and appreciation a donation of $100.00 by Director and Mrs. Stephen Danko to the William Penn Fraternal Association’s Scholarship Foundation. 27) President Charles and General Counsel Gay B. Banes gave a verbal report to the Board of Directors on the progress being made in developing the Grant Street property. The Board authorized the Investment Committee and General Counsel to pursue the development of this site and if proper permits are not forthcoming in a reasonable period of time from the City and County authorities, General Counsel is authorized to take the necessary legal action to obtain such permits. 28) President Elmer Charles and General Counsel submitted a verbal report to the Board of Directors on the progress being made pertaining to the American Fund litigation. The Board acknowledged this report. 29) Moved, seconded and the Board accepted in its entirety the Report of the National President to the Board of Directors, dated March 15, 1976. 30) Moved, seconded and the Board adopted the following Resolution pertaining to dividends: RESOLUTION BE IT RESOLVED by the Board of Directors in regular quarterly meeting assembled, that dividend for the calendar year 1976 be distributed on those certificates only which are based on the following Mortality Tables: (a) American Men 21/2% issued from January 1, 1949 to June 30, 1956. (b) 1941 C.S.O. 2'/2% issued from July 1,1956 to December 31,1965. (c) 1958 C.S.O. issued from January 1, 1966 to current date, except Five (5) and Ten (10) Year Renewable and Convertible Term Certificates The amount of declared dividend shall be that which is contained in the regular dividend tables of the Association for the respective certificates. 31) Moved, seconded and unanimously adopted the following pertaining to Branch owned Social Homes RESOLUTION RESOLVED by the Board of Directors in regular meeting assembled, that the Board adopt the following rules governing social halls and social membership: Branches owning or maintaining social halls and/or buildings for the use of their members shall: (1) Establish a class of social membership (2) Establish annual dues (3) Charge dues and fix a rental schedule for use and enjoyment of premises by all their members, and (4) Limit access and use of premises to members who have paid their dues and are in good standing. 32) Gus G. Nagy, Bowling Tournament Administrator, gave a verbal report on the progress being made with arrangements for the 1976 Bowling Tournament and 90th Anniversary Banquet. He informed the Board that the William Penn Hotel will be headquarters for this occasion. Rooms have been reserved, Bowling Alley is reserved, Orchestra is contracted, banquet arrangements are completed. The price for the banquet will be $10.00 per person and the Association will subsidize the remaining cost of the dinner. Bowling will commence on Saturday, May 29, 1976, with team events, doubles and singles will be rolled on Sunday, May 30, 1976. The Board acknowledged the report of the Bowling Administrator. The Board also discussed possible sites for the 1977 Bowling Tournament. The Board referred this matter to the Executive Committee, however, the 1977 event should be in the East, preferably Washington, D.C. or New Jersey. 19
