William Penn, 1962 (45. évfolyam, 5-23. szám)

1962-05-16 / 10. szám

Final Invitation: WILLIAM PENN BOWLING TOURNAMENT V d H 3NOOI“1 3WOH N3HHX­X 3 "I V 3 o HO 30 voav A VOL. XLY. MAY 16, 1962. 51 NUMBER 10. EXCERPTS OF THE MINUTES OF THE REGULAR SEMIANNUAL MEETING OF THE BOARD OF DIRECTORS OF THE WILLIAM PENN FRATERNAL ASSOCIATION Held April 9—14,1962 in the Board Room of the Home Office 1. President Julius Macker calls the meeting to order at 10 A.M. and | extends greetings to the members of the Board. The following are present: Julius Macker, President; Louis t,. Varga, 1st Vice President; Julius J. Lenai-t, 2d Vice President; John P. Balia, Stephen Danko, Michael J. Faczan, Albert B. Ibos, Joseph Kormondy, Michael Korosy, Dr. Andrew Kovács, Stephen Lang Sr., Frank M. Magyary, Frank Radvany, and Louis Vassy, Directors; Officers Albert J. Stelkovics, Secretary; John Sabo, Controller; Julius E. Somogyi, Treasurer; Richard J. Phillips, Investment Manager; Elmer Charles, Field Manager; and Gay B. Banes, General Counsel. It is with regret that the Board learns that Director László Fishbein can not be present because of illness. 2. Louis L. Varga, 1st Vice President, is unanimously elected Chairman of the Board for a 1-year term. 3. The Board acknowledges greetings received from the following: Branch 18, Detroit, Michigan; Joseph Vasas, Orlando, Florida; Michael Hegedűs Jr., member of the Auditing Committee; Gaspar Papp, Chairman of the Auditing Committee; Branch 296, Springdale, Pennsylvania; Branch 189, Alliance, Ohio, through its president, John Baranyai; Branch 48, New York, New York, through its president, Director Albert B. Ibos. 4. The agenda is adopted with the provisio that any pertinent matters may be added thereto during the course of this meeting. 5. President Macker now reads his Report in Hungarian to the Board, and the same is adopted as a basis for further deliberation. 6. Secretary Stelkovics reads his Report which is accepted as a basis for further deliberation. 7. Controller Sabo reads his Report which is adopted by the Board as a basis for further deliberation. 8. Dr. Samuel C. Gomory, Medical Director, reads his Report to the Board at this time, and certain questions pertaining to his Report, as raised by some Directors, are answered to the satisfaction of all concerned. The Board gratefully accepts the Medical Director’s Report. ABOUT THE 19th Annual National William Penn Bowling Tournament & Fellowship Days AT: Columbus, Ohio, seat of Branch 129. ON: Saturday and Sunday, June 2-3, 1962. HEADQUARTERS HOTEL: The Neil House in downtown Columbus, modern and commodious with reasonable rates; banquet and dance to be held there. BOWLING: Rainbow Lanes, up-to-date and designed for bowlers of the William Penn fiber; scheduled buses, chartered by the Fraternal Affairs Department, will provide FREE transportation of bowlers and specta­tors between hotel and lanes. BANQUET: GET ACQUAINTED DINNER, sponsored by Branch 129, Saturday, June 2, beginning at 6 p. m., in the Junior Room of The Neil House. DANCE: VICTORY DANCE, under the auspices of the Fraternal Affairs Department, also to be held Saturday evening, beginning at 8:30, in the Grand Ballroom of The Neil House, featuring Louis Sikora and his orchestra. SUGGESTIONS: Bowlers and guests are urged to visit the William Penn Club, operated by Branch 129 and lo­cated with the William Penn District Office at 1501 South Parsons Avenue, where Hungarian food and refreshing drinks are served; also, William Penn vi­sitors will find the Ohio capital an interesting city to tour. 9. Treasurer Somogyi reads both the Treasurer’s Report and the Report of the Building Manager, John L. Lovász, and both Reports are accepted for further deliberations. 10. Investment Manager Phillips now reads hi§ Report to the Board and same is accepted as a basis for further deliberation. 11. The Report of Field Manager Charles is read and the same is adopted as a basis for further deliberation. 12. The report of the Fraternal Affairs Department is read by Frank J. Cher, Administrator, and the same is accepted as a basis for further deli­beration. 13. General Counsel Banes makes his Report to the Board and the same is accepted for further deliberation. 14. The Board now commences detailed discussion of the President’s Report, and the following disposition is made thereof: a) In order to ascertain whether or not the instruction given by the Board at its previous meeting were carried out properly, a review is made of the Minutes of the 1961 Fall Board meeting. The Board is then satisfied that the instructions given to the officers were carried out. b) The Board accepts with thanks the report on the progress, to date, on the audit by mail. c) The President’s request for authority from the Board to permit him to observe all departments of the Home Office, so that based on the experience gained by such observation he may come forth to the Board with recommenda­tions for a more economical operation, is granted by the Board. d) The Board now adopts the President’s Report in its entirety, a3 amended. 15. The Board now commences detailed discussion of the Report of the Secretary, and the following actions are taken thereon i a) With regard to the appeal of Ethel Mae Bumbulucz re Death Claim case of Joseph Bumbulucz. It is resolved by the Board that the appeal of the beneficiary, Ethel Mae Bumbulucz, be denied. b) In accordance with Section 32 of the By-Laws, the Board instructs the Secretary, together with the General Counsel, to prepare proposed amend­ments to the By-Laws which are to be submitted to the 1962 Fall meeting of the Board, for approval by the Board. ' ^ c) The Board instructs the Secretary to realign the Convention Districts where necessary, and to present this realignment to the Board at the coming Fall meeting for its final approval. d) Branches should be notified by the Secretary that any proposed amend­ments they may have should be submitted to the Secretary before the Fall meeting of the Board. e) The Report of the Secretary, as amended, is now adopted by the Board. 16. The Board now commences the detailed discussion of the Controller’s Report. The Report is discussed page by page and all questions posed by the Directors are answered to the satisfaction of all concerned. a) It is resolved by the Board that the present Dividend Schedule be continued for one year for all American Men and post-merger C.S.O. contracts. b) It is resolved by the Board that the Dividend Additional Term In­surance program (D.A.T.I.) be extended from September 1, 1962 to August 31, 1963, for all those who are presently included in this D.A.T.I. program. c) The Board acknowledges the letter of Division Manager Stephen Úsztok of Detroit, Michigan regarding the request of over age 80 members. The Board regrets that it can not comply with this request as the Board doe3 not desire to change its previous ruling pertaining to such cases. d) On the basis of the Controller’s Report, the Board now discusses the proposed Family Accident Plan in detail. After considerable discussion and debate, the following resolution is adopted by the Board: RESOLVED, that the William Penn Fraternal Association offer for sale the Family Accident Plan, the One-Parent and Family Accident Plan and the Individual Accident Plan, as soon as the Actuary of the Association has filed all necessary forms and receives approval from the Insurance Depart­ments of the states in which we operate. e) The Report of the Controller, as amended, is now accepted by the Board. 17. The Board gratefully acknowledges telegraphic greetings from Branch 13, Trenton, New Jersey. 18. The Board now discusses in detail the Report of the Treasurer and the following action is taken: a) The request of Branch 18, Detroit, Michigan, for financial aid from the Home Office for branch expenses over and above the sum being paid (Continued on page 2) IN COLUMBUS, OHIO ON JUNE 2-3— WELCOME!

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