William Penn Life, 1989 (24. évfolyam, 1-12. szám)
1989-09-01 / 9. szám
Page 6, William Penn Life, September 1989 Excerpts from the Minutes of the Board of Directors meeting held March 13-14-15,1989 in Pittsburgh, Pennsylvania MONDAY, MARCH 13,1989___________ ■ Chairman of the Board Joseph P. Arvay opened the meeting at 9:30 a.m. He welcomed the National Officers, Board of Directors and Auditing Committee members. The Auditing Committee is present at this time to conduct the spring audit. ■ 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. ■ National Vice President Zoltán B. Emri offered the invocation. ■ Auditing Committee Secretary William J. Kovach addressed the Board of Directors on behalf of the Auditing Committee. He extended greetings and best wishes for a successful meeting. He thanked the National Officers, Home Office Employees and Board of Directors for the cooperation the Auditing Committee receives while performing its duties. He thanked everyone for the cards and good wishes extended to his wife, Caroline, during her surgery. ■ Secretary of 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, Stephen J. Szatmári, Michael F. Tomcsak, Elmer W. Toth, and Frank J. Wukovits Jr. Advisory Board Members: Frank Bero, President Emeritus Elmer Charles, Stephen Danko, and Frank J. Wukovits Sr. Frank J. Radvany, Secretary of the Board Emeritus. There being a quorum present, Chairman Arvay officially called the meeting to order. ■ It was moved and seconded to dispense with the reading of the minutes of the Board of Directors meeting held on Wednesday, Nov. 30, 1988. The Board approved the minutes as written. ■ President Danko introduced Mr. Gene Fromm of John Robertson & Associates. B Mr. Fromm presented a Field Development Program prepared by John Robertson & Associates which included a new concept of a career agency system for our field force. B Chairman Arvay thanked Mr. Fromm for his thorough presentation and for his answers to the many questions presented by Board Members. B The Board of Directors adopted the Field Development Program as prepared and presented by Mr. Gene Fromm of John Robertson & Associates, for a period of one year commencing April 1,1989, to be reviewed and reported to the Field Committee, Executive Committee and the full Board of Directors as often as they meet. The Board of Directors retains full jurisdiction on retaining or terminating this plan, with persons qualifying to be considered as full-time employees of the William Penn Association. B Vice President Emri submitted a verbal report on the cost of converting silver bars purchased by the William Penn Association from the William Penn Association Federal Credit Union into medallions. B The Board of Directors rejected the minting of medallions and authorized the Administration Committee to sell the silver bars at their discretion. B President Danko submitted a report on Penn’s Scenic View. B Chairman Arvay recessed the meeting at 6:45 p.m. until 9:00 a.m. Tuesday, March 14, 1989. TUESDAY, MARCH 14,1989___________ B Chairman of the Board Joseph P. Arvay reconvened the meeting at 9:20 a.m. and the same are present. B President Danko introduced Mr. Robert Bruce, Actuary for the William Penn Association, for his report. B Mr. Bruce thanked the Board of Directors for the opportunity to present his report. He proceeded to review the Actuarial Report for 1988 year of operation. B Mr. Bruce congratulated the National Officers and Board of Directors for the fine production and results enjoyed by the William Penn Association on the operation year of 1988. He thus concluded the review of his report. B Chairman Arvay thanked Mr. Bruce for his excellent and comprehensive report. The Board of Directors acknowledged Mr. Bruce’s report with sincere thanks and appreciation. B Chairman Arvay commenced the review of the Minutes of the Executive Committee meetings of February 23-24, 1989. B Chairman Arvay recessed the meeting at 5:15 p.m. until 8:30 a.m. on Wednesday. WEDNESDAY, MARCH 15,1989_________ B Chairman of the Board Joseph P. Arvay reconvened the meeting at 9:15 a.m. and the same are present. B The Board of Directors adopted that the Association forego searching for a location for a new Home Office at this time. B It was reported that the William Penn Association has received an invitation to attend and participate in the Anyanyelvi Konferencia (Mother Tongue Conference) in Kecskemet, Hungary. B The Board of Directors adopted that the William Penn Association not attend or participate in the Mother Tongue Conference in Hungary. B The Board authorized that all funds donated by friends, members and the Association for the Erdély relief fund be presented to the proper agencies and then forwarded to Hungary via proper channels. B It was brought to the attention of the Board of Directors that the Home Office building is in need of exterior maintenance. B The Board of Directors authorized the expenditure of approximately $18,800 for this maintenance. B President Danko explained the advantages of setting up an Educational Trust Account (ETA) for the future education of our children. Mr. Bruce, our actuary, has also been involved in this project and found the same to be feasible. B President Danko informed the Board that the officers of the Hungarian Reformed Federation of America requested a meeting with him and National Secretary E. E. Vargo. Mr. Danko and Mr. Vargo met with them and various topics were discussed whereby the two societies would attempt to unify the many Hungarian churches and societies to promote Hungarian projects and programs. They agreed that the two societies would extend invitations to the leaders of Hungarian organizations and conduct an organizational meeting to discuss various subjects. B The Board authorized that travel and rooming expenses for this meeting be shared by the William Penn Association and the Hungarian Reformed Federation of America. B President Danko informed the Board that he has been contacted by Hungarian churches in Florida interested in scheduling more Hungarian activities in their area. The churches extended an invitation to have the William Penn Dancers perform in Florida. B The Board authorized the Association to see if a schedule and arrangements can be made to have the William Penn Association Hungarian Dancers of Branch 18 Detroit perform a one week tour in Florida. B The Board of Directors acknowledged the Report of Management as presented by President Danko and received the same with sincere thanks and appreciation. B Chairman Arvay reported that a retirement dinner will be held on April 2,1989 in New Jersey for Director Hrabar. B The Board authorized that members of the Official Family from New Jersey, New York and Connecticut attend this testimonial dinner for Director Hrabar for expenses. fl The Board acknowledged the Minutes of the Executive Committee meetings dated February 23-24, 1989. B National Secretary E. E. Vargo commenced to review his report to the Board of Directors. B The Board acknowledged the report of the National Secretary with sincere thanks and appreciation. B Vice President Zoltán B. Emri submitted his report to the Board of Directors. B The Board acknowledged the report of the National Vice President with sincere thanks and appreciation. B National Treasurer Frances A. Furedy submitted her report to the Board of Directors. H The Board acknowledged the report of the National Treasurer with sincere thanks and appreciation. B The Board of Directors authorized that the Finance Committee set the interest earned on annuities at nine percent (9%) effective April 1, 1989 and the Finance Committee has the option to increase or decrease same as necessary. B The Board authorized that General Counsel John M. Kish be present at all Board of Directors meetings. B There being no further business, Chairman of the Board Arvay adjourned the meeting at 2:30 p.m. Respectfully submitted, Frank J. Radvany Secretary of the Board Emeritus
