William Penn Life, 1988 (23. évfolyam, 1-12. szám)

1988-08-01 / 8. szám

August 1988, William Penn Life, Page 9 Excerpts of the Minutes of the Board of Directors meeting held Morch 28-29-30,1988 in Pittsburgh, Pennsylvania MONDAY, MARCH 28,1988____________ ■ Chairman of the Board Joseph P. Arvay opened the meeting at 9:00 a.m. ■ Vice Chairman of the Board Stephen J. Ivancso Sr. led the members in the Pledge of Allegiance. ■ National Vice President Zoltán B. Emri offered the invocation. ■ The Chairman of the Board welcomed the National Officers, Board of Directors, Advisory Board and Auditing Committee members. He also welcomed Direc­tor Zoltán Cibulas, who is attending the Board meeting for the first time. He also welcomed the newly elected Auditing Committee members who are attending the meeting for the first time, namely, Dale Cole of Roebling, N.J., William Kovach of Phoenixville, Pa., and Stephen P. Danko of Detroit. He wished the Auditing Committee good health and good vision in auditing the financial holdings and related records. The Committee’s dedication in past years has been remarkable and he wished the Committee a fruitful and enjoyable session this week. Their written report will be expected by the next meeting of the Auditing Committee. At this time, with the presence of the Auditing Committee, Chairman Arvay charged both bodies with the proposition that we are all responsible or should be responsible for more fraternal activities at our local branches, to become active in local community affairs as representatives of the Association, to make ourselves more visible in the Hungarian community, to attend club and church functions, and to take leadership roles. He charged all to rededicate themselves to activate the branches at home, as well as neighboring branches. ■ Chairman of the Auditing Committee Louis Fodor extended greetings to the members present and stated the Auditing Committee will submit a written report to the National President in accordance with the By-Laws following their audit. He was happy to see everyone present and extended sincere thanks and appreciation to all on his recent bereavement in the passing of his mother-in-law. He extended best wishes to the Board for a successful meeting. ■ Chairman Arvay excused the Auditing Committee at this time so they may proceed with their audit. ■ Secretary of the Board Frank J. Radvany called the roll. There being a quorum, Chairman Arvay officially called the meeting to order. ■ It was moved, seconded and the Board of Directors adopted the agenda with the proviso that any matter properly belonging to the meeting may be added thereto. ■ It was moved, seconded and the Board of Directors accepted the Minutes of the Board of Directors meeting held on December 14-15-16, 1987. ■ President Danko commenced to review the Report of Management. ■ President Danko reported that Home Office em­ployee Barbara Hunt had been hospitalized. He also reported the following deaths: Martha M. Firman, mother-in-law of Louis A. Fodor, Chairman of the Auditing Committee. Wilbur Feigenbaum, father-in-law of National Director Elmer A. Furedy. Magdalena M. Hargitay, mother-in-law of Medical Director Julius Kessem. Sándor Lakatos, auditor of Branch 51 Passaic, N.J. and Illustrious Member. Sigmund Cannon, brother of Henry Kijanka, Home Office employee. John S. Toth, father of John S. Toth Jr. and Richard W. Toth, Home Office employees, and brother of National Director Elmer W. Toth. All present rose for a moment of silent prayer in memory of all our deceased members. ■ President Danko reported that the Association pur­chased property in Florida and the closing took place on February 19, 1988. The closing papers are in the possession of the National Secretary. ■ President Danko reported that the Association has entered into an agreement to purchase Computer Sci­ences Corporation, Pittsburgh, Pa. Anticipated closing will take place on or about April 29, 1988. ■ It was moved, seconded and the Board of Directors affirmed the action of the officers to have the William Penn Association assume the operation of the Hungarian Reformed Church Federal Credit Union of Homestead, Pa., and provide the credit union services to William Penn Association members. ■ It was moved, seconded and the Board authorized that Laventhol St Horvath be retained for a market and financial analysis on Penn’s Scenic View. ■ It was moved, seconded and the Board accepted the Report of Management dated March 28-29-30,1988, as presented by National President Stephen G. Danko, with sincere thanks and appreciation. ■ It was moved, seconded and the Board authorized that the William Penn Association hold their own William Penn picnic for 1988 and 1989 at a yet to be named picnic area. ■ It was moved, seconded and the Board authorized that a 1988 automobile be awarded for the first hole-in­­one on a designated par-3 hole as an incentive for the 1988 Golf Tournament. ■ It was moved, seconded and the Board further authorized that a social member or guest who wants to play golf can enter the tournament but must pay a fee of $5.00 plus the banquet and golf fee. ■ It was moved, seconded and the Board authorized that matching funds be distributed for charitable or fraternal fund raising projects and not socials, for 50% of the total not to exceed $750.00 ■ It was moved, seconded and the Board of Directors selected Pittsburgh, Pa., to be the site of the next General Convention to be held in 1991. ■ It was moved, seconded and the Board authorized that we inform the National Fraternal Congress of America that the William Penn Association will partici­pate in a feasibility study of the directors and officers liability insurance in an amount not to exceed $1,000.00. ■ Chairman Arvay recessed the meeting at 6:00 p.m. until 9:00 a.m. Tuesday, March 29, 1988. TUESDAY, MARCH 29,1988________________ ■ Chairman of the Board Joseph P. Arvay reconvened the meeting at 9:00 a.m. and same are present. ■ National President Stephen G. Danko announced to the Board of Directors that as of March 28, 1988, the Hungarian Reformed Church Federal Credit Union of Homestead, Pa., has merged with the William Penn Association. This merger into the William Penn Associa­tion will provide credit union services to William Penn Association members. President Danko thanked Direct­or Elmer W. Toth for his untiring efforts in bringing about this merger. Director Toth was instrumental in bringing to the the attention of the National Officers the possibility of this merger. The Association will assume approximately $400,000.00 increase in our assets. ■ President Danko read a letter of recommendation from Edmont, division of Becton Dickinson & Co. of Coshocton, Ohio, congratulating Director Zoltán Cibu­las upon being chosen as this year’s recipient of the Edmont Lifetime Achievement Award which carries with it a bonus of $3,000.00. Director Cibulas is a plant chemist at Edmont’s facility in Canton, Ohio. He is a member of Branch 189 Alliance, Ohio, and was recently elected to the Board of Directors of the William Penn Association. The Nat mal Officers and Board of Directors extend their sincere congratulations to Director Cibulas. ■ President Danko introduced Mr. Robert E. Bruce, actuary, to the Board of Directors at this time for his report to the Board. Mr. Bruce commenced to review the Actuarial Report. ■ It was moved, seconded and the Board adopted the Provider Plan insurance policy under the 1980 CSO effective January 1, 1989. ■ It was moved, seconded and the Board adopted the Report of the actuary, as presented by Mr. Bruce, with sincere thanks and appreciation. ■ Secretary of the Board Frank J. Radvany read the Minutes of Monday’s Board meeting. It was moved, seconded and the Board accepted same as corrected. ■ President Danko reported that he has received letters of thanks from the following retirees of the Official Family for plaques they received upon their retirement from office: former Vice President Albert J. Stelkovics, former Vice President Stephen J. Lang, former Directors John T. Lesko Sr., William C. Kohut and Albert G. Kertesz, and former Auditing Committee members Emma Beganyi and Violet Lenart. ■ Director Toth submitted a verbal report on behalf of the Penn’s Scenic View Committee. It was moved, seconded and the Board accepted the report on Penn’s Scenic View, as presented by Director Toth. ■ Advisory Board Member Frank J. Wukovits Sr. submitted a verbal report on the forthcoming 1988 Bowling Tournament to be held in South Bend, Indiana. The Board acknowledged his report. ■ Director Ivancso suggested to the Board that they should start to consider selecting a site for the 1989 Bowling Tournmanet. The Board referred this matter to the Executive Committee for their consideration. ■ The Board acknowledged receipt of letters of thanks from Bishop Zoltán Király of Calvin Synod Conference of the United Church of Christ and the Rev. András Erdogh of St. Stephen King of Hungary Church for the donations extended to them. ■ Chairman Arvay recessed the meeting at 3:15 p.m. until 9:00 a.m. Wednesday, March 30, 1988. WEDNESDAY, MARCH 30,1988____________ ■ Chairman of the Board Joseph P. Arvay reconvened the meeting at 9:45 a.m. at the office of Computer Sciences Corporation in Pittsburgh, Pa. The purpose of conducting this meeting at Computer Sciences Corpora­tion was to afford all the Board members the opportunity to visit their premises and view all aspects of their operations. Mr. Anthony Waskiewicz conducted a tour and explained their operation to the Board members. William Penn Association has entered into an agreement to purchase Computer Sciences Corporation, Pittsburgh Data Center. ■ Secretary of the Board Frank J. Radvany read the Minutes of Tuesday’s meeting. It was moved, seconded and the Board accepted same as corrected. ■ It was moved, seconded and the Board authorized that the 1988 Tour to Hungary commence on August 15,1988, and continue for a minimum period of 14 days to 45 days. ■ There being no further business, Chairman Arvay adjourned the meeting at 10:30 a.m. Respectfully submitted, Frank J* Radvany Secretary of the Board

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