William Penn Life, 1989 (24. évfolyam, 1-12. szám)

1989-04-01 / 4. szám

Page 10, William Penn Life, April 1989

Excerpts from the Minutes of the Board of Directors meeting held November 28-29-30,1988 in Orlando, Florida

MONDAY, NOVEMBER 28,1988

I Chairman of the Board Joseph P. Arvay opened the meeting at 9:00 a.m.

I Vice Chairman of the Board Stephen J. Ivancso Sr. led the members in the Pledge of Allegiance to the Flag of the United States of America.

■ Vice President Zoltán B. Emri offered the invocation.

■ Chairman Arvay welcomed the National Officers, Board of Directors, Advisory Board Members and former National President Julius Macker to the meeting.

■ Secretary to the Board Emeritus Frank J. Radvany called the roll and the following are present:

National President Stephen G. Danko, National Secretary E. E. Vargo, National Vice President Zoltán B. Emri and National Treasurer Frances A. Furedy.

Directors: Chairman Joseph P. Arvay, Ronald S. Balia, William J. Bero, Elmer A. Furedy, Michael J. Hrabar, Vice Chairman Stephen J. Ivancso Sr., John S. Molnár, Vice Chairman Roger G. Nagy, Michael F. Tomcsak, Elmer W. Toth and Frank J. Wukovits Jr. Alternate Director: Stephen J. Szatmári.

Advisory Board Members: Frank Bero, President Emeritus Elmer Charles, Stephen Danko and Frank J. Wukovtis Sr.

Frank J. Radvany, Secretary to the Board Emeritus. There being a quorum present, Chairman Arvay officially called the meeting to order.

■ President Emeritus Elmer Charles proceeded to install Alternate Director Stephen J. Szatmári as National Director of the William Penn Association. Director Szatmári replaced National Director Zoltán J. Cibulas who passed away on Sept. 14, 1988.

■ Former National President Julius Macker thanked the Board of Directors for the opportunity to be present for the Board Meeting. He stated that the William Penn Association has completed 100 years of service to its members based on the original concept of our forefathers. He is happy to see that the Association is continuing to follow its original concept of maintaining its Hungarian heritage and culture. He notes more activity at the branch level and he hopes the Board will continue to encourage and help promote these activities in order to move the Association forward.

■ The Board adopted the agenda with the proviso that any matter properly belonging to the meeting may be added thereto.

I The Board agreed to dispense with the reading of the minutes of the Board Meeting held on Sept. 14, 1988, and approved the minutes as written.

■ President Danko reported that there was a group seeking a mortgage from the Association in the amount of $ 1.5 million for the Beacon Woods East Golf Club in Pasco County, Fla. They were seeking a five to 10 year mortgage and were willing to pay 12% interest. The Board rejected the request for this mortgage.

■ The Board discussed at length the Fraternal Bonus as outlined on Page 1 to 5, Report of Management dated Nov. 28-30, 1988. Following the discussion, the Board unanimously adopted the resolution pertaining to the Fraternal Bonus Plan. The Board also unanimously adopted the rules and regulations pertaining to the Fraternal Bonus Plan as outlined in Exhibit 2, Report of Management dated Nov. 28-30, 1988.

■ The Board ensued on a lengthy discussion concerning Penn’s Scenic View. President Danko stated he consulted architect Richard Bamburak and representatives of Laventhol and Horwath.

■ The Board discussed the William Penn Home in Wellsburg, W.Va. President Danko reported that Paul Kovács, administrator of the Home, recommended an increase in room rates. The rate increase would apply to current residents, but if they were unable to afford the increase, they would be allowed to remain at the existing

rate. The Board resolved that rates at the Home be raised effective Jan. 1, 1989.

The Board also authorized the Association to grant the Home a subsidy of $60,000 for the year 1989.

The Board authorized the Association to buy shelving for the archives at the Home and to reimburse the Home for shelving previously purchased.

■ President Danko introduced Mr. John Palumbb, Esq., who is representing the Association in the purchase of Florida property.

■ Chairman Arvay recessed the meeting at 2:45 p.m. until 9:15 a.m. Tuesday so that the Board and Officers may visit the site of land parcels for their inspection.

TUESDAY, NOVEMBER 29,1988________

M Chairman Arvay reconvenes the meeting at 9:15 a.m. and same are present.

■ Chairman Arvay recessed the Board meeting for the purpose of an executive session. He excused the National Officers and Secretary of the Board Emeritus. Following the executive session, the Chairman reconvened the Board meeting.

M Secretary to the Board Emeritus Radvany read the minutes of Monday’s meeting. The Board accepted the minutes as corrected.

■ President Danko reviewed the operation of Computer Specialties Corp. (CSC). He stated the Board of CSC met and reviewed their by-laws and adopted changes to those by-laws subject to the approval of the Association’s Board of Directors. The Association’s Board resolved that the CSC by-laws, as approved by the CSC board and submitted to the Association’s Board, are approved as amended and corrected.

■ President Danko reported that our current 20 Pay Life Plan expires at the end of 1988 because it was not on the 1980 CSO Mortality Table. He requested Mr. Bruce to prepare a new 20 Pay Life Plan under the 1980 CSO. The Board adopted the 20 Pay Life Plan with a vanishing premium as reported in Mr. Bruce’s report of Nov. 10, 1988.

for office space in the Detroit area (Wyandotte office) with a rental increase of $50 per month.

I The Board adopted that the Association endorses the English Language Amendment. The bill seeks to legally recognize English as the sole official language of the United States.

■ The Board authorized a 10% increase for th* family Christmas party allotment for 1988.

I The Board authorized that Bruce and Bruce perform a survey to determine the cost of declaring dividends on all 1980 CSO certificates.

H The Board approved the leasing of two Canon photocopiers for a period of three years.

■ The Board authorized the Association to hold a Family Day on Friday, July 7,1989, at Kennywood Park, Pittsburgh, Pa.

■ National Secretary Vargo reported the following have been hospitalized since the last board meeting:

Caroline Kovach, wife of Auditing Committee Secretary William Kovach.

Gregory Nagy, son of Vice Chairman Roger Nagy. Louis Roka, coordinator of Branch 214 Flint, Mich. Stephen Danko, Advisory Board Member.

Stephen G. Danko, National President.

■ The Board adopted that whenever a member converts a number of policies into one policy and there is no new application written, the contestability clause be waived if the new policy issued is for a lesser amount than the aggregate total of those previously issued.

■ The Board awarded a one year contract to Gateway Press Inc. for the printing of the William Penn Life.

■ The Board authorized that the contract with Helen Szpakowski be continued.

I The Board approved that the Hyatt Chatham Center Hotel be retained by the Association for the housing of its Officers, Directors, Auditors and Advisory Board Members attending meetings in 1989.

WEDNESDAY, NOVEMBER 30,1988

H President Danko reported that he has received information pertaining to a computer camp which would be held at Penn’s Scenic View in the summer of 1989. The number of participants would be about 40. The Board authorized that the Association conduct a computer camp during the summer of 1989 and enter into a contract for equipment and instructors.

H The Board acknowledged and received the legal opinion of General Counsel John M. Kish pertaining to the ex-officio status of Vice Chairman Roger Nagy to the Executive Committee.

I The Board discussed the 1989 Trip to Hungary. It was moved and seconded to rescind Point 30 of the minutes of the Board meeting dated June 21,1988 which stated that the Association assume the cost of the 1989 Children’s Tour to Hungary in excess of $500. A roll call vote was requested.

Danko-No Balla-No Bero-Yes Furedy-Yes

Hrabar-Yes

Ivancso-Yes

Molnar-No

Nagy-Yes

Szatmari-No Tomcsak-Yes Toth-Yes Wukovits-Yes

There being 8 yes votes and 4 no votes, the motion was adopted to rescind Point 30.

Discussion ensued on the 1989 Tours to Hungary.

■ President Danko reported that he has held meetings with Gene Fromm of John Robertson and Associates regarding the development of sales tools. The Board approved the development and purchase of a flip chart by and from John Robertson and Associates.

■ The Board authorized the use of the Association’s existing logo design, but setting the name in block letters and moving it from around the oval to the side.

■ The Board authorized the signing of a two year lease

■ Chairman Arvay reconvened the meeting at 8:30 a.m. and same are present.

■ The Board accepted the minutes of Tuesday’s meeting as corrected.

■ The Board unanimously approved to reconsider the subject of the 1989 Tour to Hungary and the 1989 Children’s Tour to Hungary.

It was moved and seconded that the 1989 Children’s Tour to Hungary be cancelled. A roll call vote was requested.

Danko-No

Balla-No

Bero-Yes

Furedy-Yes

Hrabar-Yes

Ivancso-Yes

Molnar-No

Nagy-Yes

Szatmari-No Tomcsak-Yes Toth-Yes Wukovits-No

There being 7 yes votes and 5 no votes, the motion to cancel the 1989 Children’s Tour to Hungary is adopted.

■ National Treasurer Furedy submitted her report to the Board.

■ The Board ratified that Holiday Baskets be distributed by those branches wishing to participate at $15 each for a total of three baskets per branch.

■ The Board ratified the appointment of President Danko to the Pennsylvania Heritage Affairs Commission. The Board congratulated President Danko for this prestigious appointment.

■ The Board ratified the election of National Secretary Vargo as president of the New Jersey Fraternal Congress and as president of the Pennsylvania Fraternal Congress. The Board congratulated Secretary Vargo on his election.

■ The Board ratified the $1,500 donation to the Kodály Ensemble presented on Nov. 23, 1988.

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