William Penn Life, 1982 (17. évfolyam, 1-4. szám)
1982-01-01 / 1. szám
22) Chairman Charles reconvened the meeting at 9;30 A.M. and same are present. 23) Secretary Frank J. Radvany read the Minutes of Monday's meeting. It was moved, seconded and accepted as corrected. 24) Director Albert J. Stelkovics read the following Resolution prepared by the Consolidation Committee dated November 20, 1981. RESOLUTION Resolved by the Joint Consolidation Committee in meeting assembled, that WHEREAS, it has held numerous meetings, labored diligently and negotiated the terms of a Consolidation Agreement, and WHEREAS, the Committee fervently believes that the terms of the agreement are just and equitable and will enable management to better serve the interests and needs of our membership by creating a greater, stronger society which is of paramount importance to remain competitive in our changing world, and WHEREAS, a larger society will not only allow us to furnish more services to our members but give us greater fraternal strength to promote our American-Hungarian heritage in our country and throughout the world. NOW THEREFORE, BE IT RESOLVED by the Joint Committee in meeting assembled that the form of Consolidation Agreement as negotiated, amended and redrafted and read at this meeting is incorporated herein by reference and the Joint Committee recommends that the Agreement be presented to the respective Boards of the Federation and Association at their December 1981 meetings, for their finalization and approval. Adopted this 20th day of November, 1981. 25) The Board of Directors commenced to review the Consolidation Agreement between the William Penn Association and the Hungarian Reformed Federation page by page. 26) Mr. Robert E. Bruce, Actuary, arrived to attend this meeting. It was moved, seconded and adopted by the Board to continue reviewing the Consolidation Agreement at this time. 27) The Board ensued on a discussion of Point 1 5 of the ConMinutes . . . solidation Agreement pertaining to the Executive Committee meetings. It was moved, seconded and authorized by the Board that this paragraph state that the Executive Committee will meet at the call of the Chairman. 28) The Board further adopted to add Point 1 5 of the Consolidation Agreement that the Board of Directors of the Consolidation Society will meet three times a year at the Call of the Chairman. 29) After the Board completed a page by page review and discussion of the Consolidation Agreement between the William Penn Association and the Hungarian Reformed Federation it was moved, seconded and unanimously adopted as corrected. There was a roll call vote wherein there were 1 8 aye votes and 0 naye votes cast. The following Resolution was also unanimously adopted. RESOLUTION Resolved by the Board of the William Penn Association in regular meeting assembled, that WHEREAS, it has read and deliberated the form of Agreement negotiated by the Consolidation Committee, and WHEREAS, the Board is convinced that the terms of the Agreement with minor suggested changes are just and equitable and that a Consolidated Society will better serve the interests and needs of our combined membership by creating a greater, stronger society which is of paramount importance to remain competitive in our changing world, and WHEREAS, a larger Society will not only allow us to furnish more services to our members but will give us greater fraternal strength to promote our American-Hungarian heritage in our country and throughout the world. NOW THEREFORE, BE IT RESOLVED by the Board in meeting assembled that the form of Consolidation Agreement as negotiated, amended, redrafted and read at this meeting is approved and incorporated herein by reference; resolved further that the Joint Committee is authorized to complete the proposed by-laws and charter and present the same at the Spring Board meeting for approval; resolved further that at such meeting the Board fix the date, time and place and call a Special Convention into session to consider the Consolidation of the two societies. Adopted this 1 5th day of December 1981. 30) The Board commenced discussion on Point 27, Page 9, Minutes of the Executive Committee meeting dated December 4, 1 981. It was moved, seconded and adopted that in the future when the Board of Directors or the Executive Committee discusses salaries and personal matters of National Officers or appointed Officers, this be done in closed meeting without the person involved being present. 32) It was moved, seconded and the Board accepted the Minutes of the Executive Committee meeting dated December 3 and 4, 1981 in its entirety and ratified their actions. 33) Vice President, John P. Balia, intorduced Actuary Robert E. Bruce to present his presentation to the Board regarding prospects for the future of the fraternal life insurance industry. 34) Mr. Bruce proceeded to summarize to the Board excerpts of a seminar he had given regarding the future of the fraternal life insurance field. He also stated that several new plans have been approved in several states and are now ready to be sold where approved. Following Mr. Bruce's informative talk, President Charles extended sincere thanks and appreciation to Mr. Bruce on behalf of the Board of Directors and National Officers. 35) Mr. Charles introduced Mr. Richard Smith for his report on our field operation. Mr. Smith submitted a report of our field operation for the period of June 21, 1981 to December 11, 1981. His report indicates that the career agents have been doing a good job in procuring necessary new business for the Association. Since time was running out for Mr. Smith, he stated he will continue his report on Wednesday morning. 36) Mr. Charles recessed the meeting at 4:45 P.M. until 9:30 A.M. Wednesday. 37) Chairman Charles reconvened the meeting at 9:30 A.M. and same are present. 38) Mr. Charles informed the Board that we will dispense with the reading of Tuesday's meeting until a little later so as to afford Mr. Richard Smith the opportunity to complete his remarks to the Board of Directors. 39) Mr. Richard Smith continued his summary of the Agency opera-30
