William Penn, 1963 (46. évfolyam, 5-23. szám)

1963-05-15 / 10. szám

May 15, 1963 PAGE 5 William Penn Proposed Amendments To The By-Laws The By-Laws of our Association provide that proposed amendments thereto be published in the Official Organ. Comply­ing with this provision, the following constitutes those proposed amendments approved by the Board of Directors. In addition to these proposals, Delegates at the Convention may also propose amendments and the Branches have a similar right through their elected delegates. The amendments adopted by the Conven­tion will become effective immediately, unless otherwise specified by the Convention. The Convention is the Supreme Legislative body of the As­sociation, thus, only the Convention, through its duly elected delegates, has the legal right to amend the By-Laws and the de­cisions of the Convention are final and cannot be changed by any other body of the Association. Our Convention meets only once in four years, thus, it is imperative that the By-Laws amendments proposed to the Convention for adoption be sound proposals that will enhance the operation and growth of the Association. You, as a member of this Association, should take the time to study the proposed amendments to the By-Laws. CHAPTER II INSURANCE BENEFITS -Page 7 - Section 7 — The Contract - Subsection (a) Waiver of Provi­sions. CHANGE the last word of the second paragraph from “Controller” to “Secretary”. Page 7 - Section 8 — Monthly Dues. At the end of the second paragraph, ADD the following' text: “However, after having made a Mode of Payment selection, the member may not change the Mode of Payment without authorization from the Home Office.” Page 9 - Section 11 — Assignment. ADD to the end of this paragraph, the following- new text: “When a certificate becomes due and payable by reason of maturity or death, the proceeds may be assigned to anyone by the payee.” Page 11 - Section 18 — Funeral Expenses. DELETE the words “by the Branch” in the first sentence. Page 14 - Section 24 — Beneficiaries - Subsection (c) - Precedent Death of All Beneficiaries. In line 3, between the words “the” and “personal” IN­SERT the following additional text: “surviving spouse: if none, to the surviving children equally; if none, to the” CHAPTER III THE CONVENTION Page 15 - Section 25 — The Convention Districts. In the first sentence, CHANGE the figure “400” to “600”. Page 17 - Section 27 — Election of Delegates. In line 4 — CHANGE the words “in the month of March of” to: — “at its Spring Meeting in”. Page 19 - Section 30 — Jurisdiction of the Convention — Subsection (d) — ADD the following text to the end of this paragraph: “The Convention shall determine the salary and/or honorarium of those elected, and any Officer who becomes ill or disabled and cannot perform his duties, shall continue to receive his remuneration for a period not to ex­ceed 12 months from date of onset of illness or disability.” Page 20 - Section 31— District Sessions. In paragraph 2, line 3, CHANGE the words “twenty-five” to “fifty”; — in line 5 — CHANGE the words “two hundred” to “four hundred”; — in line 7 — CHANGE the words “three hundred” to “four hundred”, — and in line 8 — CHANGE the word “three” to “four”. Also in line 8, CHANGE the words “four hundred” to “six hundred”. In paragraph 3 of this Section, line 1 — CHANGE the figure “25” to “50”. Page 21 - Section 31 — Subsection (a) Election of District Representa­tives. At the end of the first sentence, CHANGE the period to a comma and ADD the following text: “and shall be- elected on the basis of number of Adult members as of June 30th of the year previous to the year of the Convention.” Page 21 - Section 31 — Subsection (b) Pre-Convention Meeting. DELETE the last 9 words of the first paragraph and INSERT instead the following words: — “stipulated by the Board.” Page 24 - Section 32 — Officers — Point 5 — Oath, Paragraph 3 — DELETE the last 2 words on line 3 — “of Directors” and substituté the word “Chairman” instead. Page 24 - Section 32 — Point 6 — CHANGE the title from “Duties:” to “Duties of the Officers”. Then, each heading under Point 6 is to be alpha­betized starting with a capital “A” before the title "The Duties of the Presi­dent”, and so on, — with the sub-points under the alphabetical headings being designated as A-l, B-l, G-l etc. Page 26 - In Sub-point D-6 of Point 6 — CHANGE the period to a com­ma and ADD the following text: “also maintains roll of members, handles reinstatements of lapsed mem­bers, transfers of members from one Branch to another and directs payment of all Matured Endowment claims.” Page 27 - In Sub-point E-4 of Point 6 — ADD the following text: “Also directs the crediting of each individual member’s account with the premiums reported by the Branches and handles the Lapsing of members for non-payment of dues.” Page 29 - In Sub-point F-ll of Point 6 — DELETE the entire text of this Sub-point and then renumber the remaining sub-points accordingly. Page 31 - Section 33 — CHANGE the title of this section from “THE BOARD OF DIRECTORS” to “POWERS AND DUTIES OF THE BOARD OF DIRECTORS”. In paragraph 1, line 5, after the word “Chairman” ADD the words “and Secretary”. Pages 31-32 - DELETE the entire 4th paragraph of this Section 33. Page 32 - DELETE the words “Special meetings.” at the beginning of 3rd paragraph on this page, and in the 4th paragraph, line 1, between the words “present” and "shall”, INSERT the words “at regular or special meeting's.” Then. ELIMINATE the last paragraph of this Section entirely, i. e. paragraph 5 of this page. Pages 32-33 - DELETE the heading “Jurisdiction of the Board” and eli­minate the a, b, c, paragraph designations. Then, after the last paragraph, ADD the following new paragraph: “Should a vacancy occur in the Office of any elected or appointed Officer, the Board shall fill such vacancy.” Page 33 - Section 34 — CHANGE the title of this Section from “The General Counselor” to: “The General Counsel”, and CHANGE the 3rd word in the first line from “Counselor” to “Counsel”. Page 34 - Section 36 — Field Supervisors — to be DELETED entirely. Page 34- Sectiofi 37 — The Auditing Committee — in Line 1, Paargraph 4, CHANGE the word “five” to “three”, and in Line 6 of the same paragraph, DELETE the words “Temporary or permanent”. Page 35 - DELETE the last sentence of Section 37 entirely. Page 36 - Section 39 — Travel Expenses and Per Diem - Subsection A— in next to last line, CHANGE the word “travel” to "transportation”. CHAPTER IV THE BRANCH Page 38 - Section 42 — Jurisdiction and Towers of the Branch............... CHANGE the text of Subsection (c) to read as follows: “Remittance of dues collections to the Home Office and keeping of ne­cessary records as stipulated by the Home Office.” Page 39 - Section 42 — ADD the following paragraph to the end of this Section: “Each member shall pay Branch Administration Fee each month to the Branch Treasury for each Membership Certificate in force on his life. These monies shall be used by the Branch to defray expenses of postage, telephone, officers honorariums and fraternal activities of the Branch.” Page 39 - Section 44 — The Branch Meeting. Between paragraphs 1 and 2 — ADD the following new paragraph: “If a member has more than one membership certificate and belongs to more than one branch, he can exercise his voting rights at one branch only.” Page 39 - Section 44 — In the paragraph listing the ‘order of business for branch meetings’ — DELETE item 3 “Collection of dues” and renumber the following points accordingly. Page 40 - Section 45 — Branch Officers — Subsection (c) — At the end of line 4, after the word “which” INSEPT the words “upon request”. CERTIFICATE OF AUDIT The books and accounts of the William Penn Fraternal Association were audited and examined for the six months beginning July 1, 1962 and ending on December 31, 1962, and we do hereby certify to the accuracy of the fi­nancial schedules and exhibits for the above-mentioned period as stated in the published reports of the William Penn Fraternal Association. We examined all income items. Individual branch treasury slips re­ceived” from Branch managers and district offices and showing total branch remittances were checked against those amounts officially listed in the dues ledger: profit or loss on sold and called bonds was verified along with di­vidends received on miscellaneous stocks: all interest received from bonds and mortgage loans was checked against bank deposit slips: rental income from Home Office Building and the parking lots was also checked and verified: then, too, each deposit was checked against the bank statement and recon­ciliation of all bank accounts evas obtained. Our Bond Portfolio showed a valuation of 823,189,008.37 while our Stocks were valued at $2,124,821.73 as of December 31, 1962. Our Assets and their distribution as of December 31, 1962, were as follows: Bonds ......................................................................................$23,189,008.37 Stocks ..................................................................................... 2,124,821.73 Mortgages .............................................................................. 1,461,953.81 Home Office Building and Other Association Owned Real Estate .................................................... 1,364,418.19 Branch Real Estate Loans ................................................. 43,222.71 Policy Loans and Liens ...................................................... 1,120,915.76 Cash and Bank Deposits .................................................... 138,625.52 Other Assets ...................................................................... 46,567.86 Total Ledger Assets ..........................................$29,489,533.95 Less: Liabilities .................................................... 11,481.48 Net Ledger Assets ...............................................$29,478,052.47 The members of the Auditing Committee checked firsthand the ac­curacy of the items listed above and found the extensions and computations correct. Furthermore, those papers dealing with many of the items shown above were obtained together with the necessary ledgers and books of ac­count and verification was obtained to our entire satisfaction. Considerable time was devoted to the examination of the expenditures made by our Association in the various departments and under the headings of sick benefit, commissions and salaries, dividends, loans and trust fund, death benefit claims, investment expenses, official publication, advertising and miscellaneous expenses. In the examination of these items, each indi­vidual check disbursed was examined and accoun*ed for. Then, too, all necessary supporting papers and vouchers were most carefully scrutinized for each and every items. Our examination commenced April 1, 1963, and was completed April 13, 1963. AUDITING COMMITTEE Gaspar Papp, Chairman William C. Kohut, Secretary Michael Hegedűs, Member Valentine Konyha, Member László E. Kereszti, Member

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