William Penn Life, 1980 (15. évfolyam, 1-4. szám)
1980-04-01 / 2. szám
Minutes of The Board of Directors Quarterly Meeting Varga and John P. Balia; Directors Frank Bero, Stephen Danko, Zoltán B. Emri, Michael Hegedűs, Albert G. Kertesz, William C. Kohut, Stephen Lang, Jr., Steve Lesco, John T. Lesko, Paul Molocko, Frank J. Radvany, John Sabo, Albert J. Stelkovics, Joseph Toma and Frank J. Wukovits; General Counsel, Gay B. Banes; Vice President of Membership Services, Gus G. Nagy and Vice President of Marketing, Stephen Szilagyi. 8) President Charles informed the Board that the Agenda is prepared. It was moved, seconded and adopted that any matter properly belonging before this meeting may be added thereto during the course of the meeting. 9) Vice President of Marketing, Stephen Szilagyi submitted his verbal report to the Board of Directors. After a lengthy discussion of his report, the Board acknowledged same. He was requested to submit his report in writing before the end of this meeting. 10) Vice President of Membership, Gus G. Nagy submitted his report to the Board of Directors. The Board acknowledged his report with sincere thanks. 11) In the absence of the Actuary, Chairman Charles requested Director John Sabo to review the Actuarial Report on the 1979 Year of Operations of the William Penn Association. Director Sabo commenced a page by page review and discussion of the Actuarial Report. 12) It was moved, seconded and authorized by the Board of Directors that the Executive Committee review the Employees' Pension Plan along with the Actuary and submit its recommendation to the Board at their next meeting. 1 3) It was moved, seconded and authorized by the Board of Directors that the Executive Committee review the past years of service of those who become Directors through merger with the William Penn Association and submit its recommendations to the next Board meeting for action. 14) After a thorough review and discussion of the Actuarial Report on the 1979 Year of Operation, the Board of Directors acknowledged and accepted the Actuarial Report in its entirety. 15) The Board of Directors reviewed and discussed the Annual Statement of the William Penn Association for 1979. It was moved, seconded and same is accepted in its entirety as filed with the various jurisdictions. 16) The Board of Directors next reviewed the Budget of the William Penn Association for 1980. It was moved, seconded and adopted to accept the proposed Budget as outlined in the Report of the President to the Board of Directors dated March 17, 1980. 17) The Board of Directors reviewed and discussed the Report of the National President to the Board of Directors dated March 1 7, 1980. The Board accepted the President's Report in its entirety. 18) National Secretary, Albert J. Stelkovics read the Minutes of the Executive Committee Meetings of January 8, January 9, March 5 and March 6, 1980. It was moved and seconded to accept these Minutes as a basis for further deliberations. 19) President Charles submitted a verbal report on the progress made since the last Board meeting pertaining to the development of the Association's property known as Block C. He reported that effective January 1, 1980, a Sales Agreement was signed between Oxford Development Co. and the William Penn Association. 20) Following a review and discussion, it was moved, seconded Eligibility Rules For William Penn Fraternal Association Scholarship Foundation, Inc. Grants The Board of Directors has established the following rules governing eligibility for scholarship grants: a) The father or mother of the applicant must be a beneficial member of the William Penn Association. b) The student applying for scholarship grant must be a beneficial member of the William Penn Association as of January 1st of the year for which application is made, or must be the child of a deceased member. c) Only those students may apply for scholarship grants who have been accepted by or are already attending an accredited college or university, or school of nursing. A transcript of the applicant's scholastic record must be attached to the application. d) A scholarship grant can be awarded to full time students only. e) Parents of applicants must file confidential financial statement on form provided by the Foundation and all other necessary information which may be required. f) Scholarship grants will be awarded by the Executive Committee of the William Penn Fraternal Association Scholarship Foundation, Inc. once each year in the month of June. All applications must be received at the Home Office by May 31st, if received later, they will not be considered. g) Grants will be paid directly to the applicant provided he or she is a member in good standing on date award checks are issued. h) Grants are awarded for 4 year period. In order to be considered for scholarship grants in successive years, however, the student must notify the Secretary of the Foundation, by May 31st that they wish to continue receiving scholarship grant. In addition to this, as soon as they are available, the student member must submit scholastic record for the previous semester and proof of enrollment for continuing term. Letter, however, must be sent even though scholastic record and proof of enrollment is not available by May 31. i) Applications for scholarship grants and other necessary forms may be obtained by writing directly to the William Penn Fraternal Association Scholarship Foundation, Inc., 429 Forbes Avenue, Pittsburgh, Pa., 15219, or by contacting your local Branch Manager. 18
