William Penn Life, 2016 (51. évfolyam, 1-12. szám)

2016 / Különszám

WILLIAM PENN ASSOCIATION BY-LAWS

11. By-Laws: The By-Laws of the Association, as duly amended from time to time.

12. Certificate of Membership: The official printed document of the Association evidencing life, endowment or annuity benefits written by the Association in favor of the person named therein.

13. Charter: The Charter or Articles of Incorporation, as amended, of the Association as filed with the Secretary of the Commonwealth of Pennsylvania.

14. Directors: The National Directors of the Board.

15. District Office Employee: A person who is employed in a sales office of the Association other than at the Home Office.

16. General Convention: The highest legislative or governing body of the Association, composed of both Delegates elected as provided in these By-Laws and certain ex-officio Delegates.

17. Home Office: The national headquarters of the Association.

18. Insurable interest: An insurable interest in accordance with applicable laws and regulations.

19. Lodge System: Any alliance, fellowship or society having a structure or organization of a supreme legislative body and subordinate lodges or branches, into which members are elected, initiated or admitted in accordance with its constitution, laws, rituals or rules; and which subordinate lodges or branches are required by the laws of the society or fellowship to hold regular meetings.

20. Member: A Member of the Association as determined pursuant to Section 107 of the By-Laws.

21. National Officers: Those Officers elected by the Board.

22. Sales Agent: Any agent working under contract withthe Association, including the following:

(a) Full-Time Agent: an agent who sells exclusively for the Association.

(b) General Agent: an agent who represents the Association but may represent one or more additional insurance carriers.

(c) Special Agent or Representative: an agent who sells insurance or annuities exclusively for the Association but who is free to engage in other occupations.

ARTICLE 27 EFFECTIVE DATE

These By-Laws shall take effect and be in force upon approval by the Insurance Commissioner of Pennsylvania or sixty (60) days after filing.

The effective date of these By-Laws is November 5, 2015.

CERTIFICATION

1, JERRY A. HAUSER, National Vice President-Secretary of the William Penn Association, hereby certify the Charter of the William Penn Association as amended and restated as follows:

CHARTER

WILLIAM PENN ASSOCIATION AS AMENDED AND RESTATED

BE IT KNOWN that the subscribers having associated themselves together for the purpose of forming a beneficial society for Hungarian American citizens and being desirous of becoming incorporated agreeably to the provisions of the Act of the General Assembly of the Commonwealth of Pennsylvania entitled, "An Act to provide for the Incorporation and Regulation of certain Corporations" approved the 29th day of April, A.D. 1874, and its supplements do hereby declare, set forth and certify that the following are the purposes, objects, articles and conditions of their said association for and upon which they desire to be incorporated:

1. The name of the corporation is William Penn Association. (As amended effective July 13,1972). (3-1-72.36) 1391.

2. The business of this Association shall be conducted in accordance with the purposes of fraternal benefit societies, as provided by the laws of the various jurisdictions, its purposes shall be:

(a) To create funds for mutual aid as established by the Board of Directors and as permitted by any body having jurisdiction where the Association is authorized to do business;

(b) To preserve the funds from mismanagement and loss by judicious investments;

(c) To disburse the funds among the aged, sick members, widows and orphans or designated beneficiaries of deceased members as provided in the membership certificates;

(d) To retain and foster in the United States of America Hungarian culture and heritage as established by the Founding Fathers of the Association. (As amended effective July 13,1972). (3-1-72.36) 1391.

3. The corporate powers of the Society shall be exercised through a Convention which shall be its supreme legislative and governing body, a Board of Directors, Executive Committee and other committees, officers and subordinate branches. (As amended effective May 16, 1960). (3-1-60.16) 110.

4. The place where its principal office is located in the City of Pittsburgh, County of Allegheny, Commonwealth of Pennsylvania. (As amended effective May 16,1960). (3- 1-60.16) 110.

5. The Corporation is to exist perpetually.

6. The names and residences of the subscribers are as follows

William Penn Life 0 Special Convention Edition 0 January 2016 ° 39

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