William Penn Life, 1999 (34. évfolyam, 2-12. szám)

1999-12-01 / 12. szám

ANNUITY RATES BE CHANGED NO MORE THAN ONCE EVERY TWELVE MONTHS. Compensation Committee Report/ Accepted. Director House submitted the Report of the Compensation Committee to the Board of Directors. MOVED BY DIRECTOR VARGA, SECONDED BY DIRECTOR E. E. VARGO AND THE BOARD OF DIRECTORS ACCEPTED THE REPORT OF THE COMPENSATION COMMITTEE WHICH IS TO BE PLACED IN THE CONFIDENTIAL FILE OF THE NATIONAL V.P./ SECRETARY. Convention Delegate Louis Roka/ Letter of Request/Discussed. The Board of Directors received a letter of request from Convention Delegate Louis Roka. Following a discussion his request was denied. MOVED BY DIRECTOR KARA, SECONDED BY DIRECTOR HOUSE AND THE BOARD OF DIRECTORS DENIED THE REQUEST OF CON­VENTION DELEGATE LOUIS ROKA. Deferred Compensation/Advice from Actuary Robert E. Bruce/Authorized. MOVED BY DIRECTOR TOMCSAK, SECONDED BY VICE CHAIRMAN TOTH AND THE BOARD OF DIRECTORS AUTHORIZED TO SEEK ADVICE AND COMMENTS FROM ACTUARY ROBERT E. BRUCE ON THE BENEFITS FOR THE DEFERRED COMPENSATION PLAN FOR NATIONAL DIREC­TORS AND AUDITING COMMIT­TEE MEMBERS. Meeting/Recessed. Chairman Beke recessed the meeting until 9:00 A.M. Monday, October 4,1999. MONDAY, OCTOBER 4,1999 Meeting/Reconvened. Chairman of the Board Anthony C. Beke recon­vened the meeting at 9:00 A.M. and same are present. Absent were General Counsel Ralph F. Manning, Esquire and Vice Chairman Louis A. Fodor. Board Minutes/October 3,1999/ Read. Secretary of the Board Emeri­tus Frank J. Radvany read the Minutes of the Board of Directors Meeting held on Sunday, October 3, 1999. MOVED BY DIRECTOR E. E. VARGO, SECONDED BY DIREC­TOR JOHNS AND THE BOARD OF DIRECTORS ACCEPTED SAME AS READ. Director Andrew W. McNelis, Chairman of Penn Scenic View Committee/ Report/Discussed. Director McNelis, Chairman of Penn Scenic View Committee stated that his committee held a meeting on October 3,1999. He submitted a report on Penn Scenic View. The Board of Directors ensued on a discussion of future programs regarding Penn Scenic View as outlined by the Committee. Penn Scenic View/Report/Accepted. MOVED BY DIRECTOR HOUSE, SECONDED BY DIRECTOR KARA AND THE BOARD OF DIRECTORS ACCEPTED THE REPORT ON PENN SCENIC VIEW WITH SIN­CERE THANKS AND APPRECIA­TION. Chairman of the Board Anthony C. Beke/Announces/Board of Direc­­tors/Computer Specialties Corpora­tion. Chairman of the Board Anthony C. Beke announced the following members to the Board of Directors for Computer Specialties Corpora­tion: Chairman of the Board Anthony C. Beke; Vice Chairman of the Board Louis A. Fodor; National President George S. Charles, Jr.; and National Director Charles S. Johns Computer Specialties Corporation/ Board of Directors Appointment/ Approved. MOVED BY DIRECTOR KARA, SECONDED BY DIRECTOR BERO AND THE BOARD OF DIRECTORS APPROVED THE APPOINTMENT OF THE BOARD OF DIRECTORS FOR COMPUTER SPECIALTIES CORPORATION. Resolution/Adopted. MOVED BY DIRECTOR HOUSE, SECONDED BY DIRECTOR KARA AND THE BOARD OF DIRECTORS ADOPTED THAT IN KEEPING WITH THE RESOLUTION PASSED AT THE 34TM GENERAL CONVEN­TION WHERE IT ESTABLISHED THE AMERICAN HUNGARIAN FOUNDATION, HUNGARIAN HERITAGE CENTER, NEW BRUNSWICK, NEW JERSEY, AS THE REPOSITORY FOR THE HISTORICAL RECORDS OF THE WILLIAM PENN ASSOCIATION, THE BOARD OF DIRECTORS APPROPRIATE MONEY ANNU­ALLY FOR THE NEXT FOUR (4) YEARS, FOR CATALOGING AND STORAGE, AMONGST OTHER THINGS, AT THE HUNGARIAN HERITAGE CENTER IN NEW BRUNSWICK, NEW JERSEY, FOR THE WILLIAM PENN ASSOCIA­TION ARCHIVES. Agenda/Completed. Chairman of the Board Beke stated that work on the Agenda has been completed. He wished everyone a safe journey home. Meeting /Adjourned. MOVED BY DIRCTOR KARA, SECONDED BY DIRECTOR HOUSE AND THE BOARD OF DIRECTORS AGREED TO ADJOURN THE MEETING. Respectfully submitted, Frank J. Radvany Secretary of the Board Emeritus 18 ttilliui Penn lile. December 1999

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