William Penn Life, 1990 (25. évfolyam, 2-10. szám)
1990-06-01 / 6. szám
June 1990, William Penn Life, Page 9 Excerpts from the Minutes of the Special Board of Directors meeting held February 25,1990 in Pittsburgh, Pennsylvania SUNDAY, FEBRUARY 25,1990___________ • Chairman of the Board Joseph P. Arvay opened the meeting at 10:00 a.m. • Acting National President and National Secretary E. E. Vargo offered the invocation. • 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. • Secretary of the Board Emeritus Frank J. Radvany called the roll and the following are present: Acting National President E. E. Vargo 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: Stephen Danko and Frank J. Wukovits Sr. Frank J. Radvany, Secretary of the Board Emeritus. Emil W. Herman, Esq. Absent: National Vice President Zoltán B. Emri; Advisory Board members Elmer Charles, President Emeritus, Frank Bero and Michael Hegedűs; and John M. Kish, Esq., General Counsel. There being a quorum present, Chairman Arvay officially called the meeting to order. • Chairman Arvay welcomed the Board and National Officers to this special meeting. He introduced Mr. Stanley Kogut, chief examiner from the Pennsylvania Insurance Department, and Mr. Sam Sozio, examiner from the Pennsylvania Insurance Department. They are attending in order to observe the proceedings of our meeting. The Chairman welcomed them and wished them a pleasant stay with our Association. The examiners are also conducting their regular four (4) year examination of our Association. • Chairman Arvay presented the Agenda to be discussed at this meeting. • Acting President and Secretary Vargo read a letter from Vice President Emri regarding his hospitalization. He expects to be recuperating four to six weeks from his surgery. The best wishes of the Board were extended for a speedy recovery. • The Board adopted a motion that items specifically related to the operation of the Association be added to the agenda, such as the office of the National Secretary office of the National Treasurer and office of General Counsel. • The Board adopted a motion to accept the resignation of National President Stephen G. Danko and the settlement agreement contingent upon the signing by all parties concerned. The Executive Committee is authorized to approve non-substantive changes in the settlement agreement. • The Board adopted a motion authorizing that the office of National President be declared vacant contingent upon receipt of the resignation from National President Stephen G. Danko. • The Board adopted a motion that, contingent upon receipt of the resignation of Stephen G. Danko, E. E. Vargo is appointed President of the William Penn Association. Mr. Vargo brings in excess of thirty-three years of experience in the fraternal insurance field to this position. He has been Secretary of the William Penn Association for the past four years. He is past president of both the Pennsylvania and New Jersey Fraternal Congresses and is currently serving as a National Director of the National Fraternal Congress of America. • The Board adopted a motion to accept the resignation of John M. Kish of Kish, Kish &. Yarsky as General Counsel for the Association. • The Board adopted a motion that the Association appoint Rothman Gordon Foreman & Groudine as General Counsel for the Association. • The Board adopted a motion to combine the offices of National Secretary and National Treasurer of the William Penn Association contingent upon the resignation of National Secretary E. E. Vargo. • The Board adopted a motion authorizing that, contingent upon the resignation of Stephen G. Danko, the position of Assistant Secretary be created to work under the supervision of the National Secretary. The Board further authorized that George S. Charles Jr. be appointed Assistant Secretary. • The Board adopted a motion authorizing that, contingent upon the resignation of Stephen G. Danko, the position of Assistant Treasurer be created to work under the supervision of the National Treasurer. The Board further authorized that Robert A. Kapinus be appointed Assistant Treasurer and be one of the signatures to sign checks. • There being no further business, Chairman Arvay adjourned the special meeting at 1:30 p.m. Respectfully submitted, Frank J* Radvany Secretary of the Board Emeritus The perfect place to get away from it all — anytime of year I ^^ 1 I 'r Penn’s Scenic View • IDEAL FOR BRANCH ACTIVITIES & FAMILY WEEKENDS • • 150 acres in the beautiful Laurel Highlands of Pennsylvania • • Accommodations for groups of 2 to 40 people • • Cabins & lodges featuring full utilities & kitchen facilities • • Minutes away from Seven Springs and Hidden Valley ski resorts • To plan your branch or family gathering at Penn’s Scenic View CALL 1 -412-462-4300 Penn’s Scenic View is owned and operated by the William Penn Association
