William Penn Life, 1982 (17. évfolyam, 1-4. szám)

1982-07-01 / 3. szám

(b) He shall deposit, to the sole credit of the Society, all funds belonging to the Society in depositories designated by the Board of Directors.

(c) He shall prepare a statement of the Society’s receipts and disbursements, on a monthly basis, and the same shall be published in the official publication of the Society.

(d) He shall keep a separate account of all the funds of the Society, shall make and furnish to the President and Secretary of the Society a statement showing the balance on hand in each of said funds on the first day of each month, shall have his books and accounts balanced in time for examination, and shall make a report to the Board of yearending December 31.

(e) Payment of checks, drafts or other orders drawn on the Society, and which are duly approved shall be made in such manner as shall be prescribed by the Board of Directors. All such checks, drafts and other orders paid by him shall be filed and kept by him as the Board of Directors and/or President shall direct.

(f) Direct the insurance protection of the Society’s properties.

(g) Supervise the accounting personnel to insure that proper accounts are maintained relative to the Society’s assets.

(h) Make purchases and sales of securities and properties as directed by the Investment Committee or Board.

(i) Control and handle in the presence of another National Officer or Board designee all securities of the Society kept in the safe-deposit box.

(j) Oversee, instruct and supervise and be responsible for systems and control procedures of funds due from the branches, members and field force.

(k) Prepare and maintain payroll records, compute and submit payroll taxes and reports to the respective states and provinces.

(l) Prepare, in co-operation with the National Officers, the annual budget and submit reports concerning the limitation of expenses.

(m) Be one of the Associate Editors of the official publication.

(n) Be an ex-officio member of the Bethlen Home Board of Managers, and Board of Directors, and the Board of Directors of the Scholarship Foundation.

(o) He shall be a member of all the Standing Committees of the Society.

(p) He shall perform all other duties customarily performed by the Treasurer of a corporation.

(q) He shall perform such other duties as may be assigned to him by the Board of Directors, the President and all other duties imposed upon him elsewhere in the By-Laws.

15. It is agreed that the Executive Committee shall be composed of the National Board Chairman, National President, (2) National Vice-Presidents, National Secretary, National Treasurer and (2) Board Members (1 WPA—1 HRFA). Not less than three regular meetings shall be held annually upon the call of the National Board Chairman.

16. There shall be an Administration Committee which shall meet and report monthly to the Board composed of the National Board Chairman, National President, National Secretary, National Treasurer and appointed Officers.

17. That the Association’s Auditing Committee members will continue to hold their office and perform their duties semi-annually as heretofore.

18. It is agreed between the parties that Gus G. Nagy, now National Secretary-Treasurer of the William Penn Association, as stated in his letter of September 10, 1981, as follows: “It is with clear understanding that in event the consolidation between the William Penn Association and Hungarian Reformed Federation of America is approved, I shall resign as National Secretary-Treasurer and accept a position in the consolidated society without a seat on the Board.”

19. The consolidated society’s Sales Department shall be under the jurisdiction of the Board of Directors.

The Board of Directors shall have the authority to hire and discharge a Sales Director who shall be first responsible to the National President, the Executive Committee and the Board of Directors.

The agents of the William Penn Association and the Field Force of the Hungarian Reformed Federation shall retain their position under contract, as long as they perform their assigned duties by the Board or Sales Director satisfactorily.

20. A new set of By-Laws approved by each of the respective parties shall be submitted to the Joint Convention for consideration and approval immediately after approval of the Agreement.

21. By approval of this Agreement, each respective convention does hereby waive its by-laws and authorizes all duly elected delegates and alternate delegates to continue in office, meet in joint convention, organize the new consolidated society, swear all elected officers, adopt by-laws and consider such matters which may properly come before the body. The terms of all delegates and alternate delegates shall continue in office until their successors in office are elected for the 1986 convention.

22. All of the National Officers, Directors and William Penn Auditing Committee Members of the new Society shall be delegates at the 1986 convention. In addition, members of the Board of Managers and the administrator of the Bethlen Home who are not otherwise delegates, by virtue of their office, shall be delegates at the 1986 convention.

23. The affairs of the society shall be administered by the Board of Directors, the National and appointed Officers, Committees and Branches as set forth in this Agreement or enumerated in the By-Laws.

24. The assets and liabilities of the two societies will be blended, assigned and conveyed to the consolidated society and the affairs of the two societies shall, after the effective date of this Agreement, be continued under the name of the consolidated society in accordance with the new charter and By-Laws and as provided in this Agreement.

25. Upon this Agreement becoming effective, the consolidated society shall faithfully carry out all obligations and discharge all liabilities of the Federation and Association under their membership certificates and otherwise in conformity with the By-Laws in effect on the date of this Agreement including Double Indemnity Benefits, Disability Benefits and Trust Fund Agreements issued or assumed by the Federation and Association outstanding and in force on the books and records of Federation and Association on the effective date of this Agreement, subject, however, to any and all defenses against claims and actions upon said benefit certificates or contracts which would have been available to the Federation and Association had this Agreement not been made. The consolidated society shall thereafter conduct its affairs as though the members of the consolidated societies had originally made applications for membership in the consolidated society.

26. After such consolidation, every former Federation and Association member shall have equal membership rights