Verhovayak Lapja, 1952 (35. évfolyam, 1-12. szám)

1952 / Verhovay Journal

Verhovay Journal.

PAGE 9

April 16, 1952

MINUTES OF THE BOARD OF DIRECTORS’ MEETING

(Continued from Page 2)

32. ) The Board directs that the report of the Organizing & Planning Committee be put on the agenda. Inasmuch as Chairman John Bencze, who has charge of such matters for the Association, was a member of this committee as well, he requests that during the discussion of the report, Vice-President Julius Macker assume the chairmanship.

33. ) Dr. Andrew Kovács, chairman of the committee, requests that Alexander Gyulay, recorder for the committee, read the report.

34. ) The Board can not comply with the request of Joseph Poes of Branch 27, Toledo. Ohio.

35. ) The Board can not comply with the request of Jack Hag.

36. ) The Board can not comply with the request of John Korosfoy of Alliance, Ohio.

37. ) The Board acknowledges with thanks the letter of Coloman Bertalan, District Manager of Branch 27, Toledo, Ohio.

38. ) Harley N. Bruce, Association actuary, appears before the Board. His remarks pertaining to the Association are very warmly received.

39. ) Dr. Samuel Gomory appears before the Board and expresses his thanks for the.confidence.placed in him by the Board when it reappointed him Chief Medical Adviser. He promises the fullest cooperation and. as in the past, he will fulfill his duties to the best of his capabilities.

40. ) The Board directs the National Officers to conduct three training sessions wherever they deem it advisable.

41. ) Director Richard J. Phillips arrives for the meeting and expresses his appreciation for the confidence placed in him upon reelection as Secretary of the Board.

42. ) Stephen Matasy, Legal Counsel, appears before the Board and expresses his appreciation for the trust placed in him in his reappointment as counselor.

43. ) In view of the fact that the committee on Organization & Planning had rendered their report, National President John Bencze resumes the conduct of the meeting.

44. ) The Board resolves to remove at once the war clause rider from all Senior certificates.

45. ) The Board directs that the beneficiaries of all Korean war dead be paid in full the face amount of insurance.

46. ) The Board hears the report of the Finance-Investment Committee, which report is read by Gay B. Banes, the committee’s recorder.

47. ) The Board acknowledges the information concerning our investments in GI and FHA mortgages.

48. ) The Board approves of and acknowledges the investment program carried on between July 1 and December 31, 1951.

49. ) The Board also approves of the various securities sold during this period of time.

50. ) It. acknowledges the report concerning the status of the defaulted Missouri Pacific bonds.

51. ) The Board acknowledges the committee findings concerning the operations and management of the Home Office Building.

52. ) The Board regrets that it can not comply with a request of St. Stephen’s Church, Youngstown, Ohio.

53. ) The Board acknowledges the committee report concerning the operations of the various Verhovay homes.

54. ) On the occasion of the September, 1951 Board meeting the Board saw fit to bestow upon Vice-President Julius Macker and Director Louis Vizi the Illusrious Award, in recognition of their three terms of loyal service on the Board of Directors. However, since no time was available during the Convention, when such an occasion could be suitably commemorated, the ceremony was postponed until the current meeting. Therefore, it is the wish of this Board to inscribe suitably upon these minutes the event which took place on March 19th, Wednesday evening, at the Sheraton Hotel, at which time the Board of Directors and the National Officers, gathered at a dinner after which National President John Bencze spoke of the outstanding work and accomplishments of Vice-President Julius Macker and Director Louis Vizi for our Association throughout the many years. Calling upon Vice-President Dr. Kovács to present the award to Vice-President Julius Macker, and Director Joseph Turner to present it to Director Louis Vizi, it was an occasion long to be remembered. Brief speeches by the assembled Directors and National Officers followed eulogizing their accomplishments and toasting them with well wishes. Tear filled eyes and choking emotions made it difficult for Mssrs. Macker and Vizi to reply for the moment. Each

reiterated his desire to work for the greater accomplishments and advancement of our Association, in fact with even greater fervor now since each had achieved the ultimate in recognition.

55. ) The Board hears the further report of the Finance Committee pertaining to the meeting at which a delegation of members of Branch 34 appeared to present certain views concerning the Hungarian Home Corporation in Hazelwood, The Board, after hearing this report, discusses it in detail, and come to the conclusion that the proposal as presented by the delegation is unacceptable.

56. ) The Board hears the detailed report of Director Aloysius

C. Falussy pertaining to the operations of the American Hungarian Relief, Inc. The Board accepts the report with thanks and entrusts Director Falussy to continue representing our Association in the American Hungarian Relief, Inc. until he sees fit, and as long as he deems the operations of the American Hungarian Relief, Inc. advisable.

57. ) The Board hears the written Valuation Report of our actuary, H. N. Bruce, pertaining to the operations of last year, which the Board acknowledges.

58. ) The Board instructs the National Officers to request bids for the publication of the official organ and to have these bids placed before the September meeting of the Board of Directors for action thereon. The Board acknowledges with thanks the extra work assumed by the National Auditor and the National Secretary in editing the Verhovay Journal and Verhovayak Lapja, respectively. It expresses appreciation to these two officers when it learns that both officers are willing to continue this additional work.

59. ) The Board hears the report of the National Executive Bowling Tournament Committee as presented by Tournament Administrator John Sabo, and acknowledges the report with thanks. In connection with this report, the Board approves the official appearance of the Board of Directors at the May 30 and 31, 1952 Verhovay National Fellowship Days in conjunction with the National Bowling Tournament to be held at Columbus, Ohio.

60. ) The Board approves the official appearance of the three members of the Auditing Committee at the same event.

61. ) The Board adopts, after detailed discussion, the combined reports of the National Officers.

62. ) The Board continues in effect the previous resolution of the Board of Directors which permits the representation of our Association in the National Fraternal Congress and the Pennsylvania Fraternal Congress by Coloman Revesz, National Secretary, and John Szalanczy, National Treasurer. This resolution, as in the past, also approves representation of the Association at the Fraterna^ Field Managers’ Association by Coloman Revesz, National Secretary, and representation of the Association at the Fraternal Investment Association by John Szalanczy, National Treasurer. As in the past, John Sabo, National Auditor, will represent the Association at the Insurance Accounting & Statistical Association.

63. ) The Board instructs the National Officers to forward to each member of the Board a copy of the pension fund by-laws as soon as possible so that each may study these by-laws to be prepared for action there-on at the September Board meeting.

64. ) The Board acknowledges the steps taken thus far by the Association in regard to change of name of the Association, and instructs the National Officers to prepare a recommendation for the September meeting.

65. ) With the completion of the agenda of the Board meeting, Alexander Gyulay expresses his sincere thanks in his name and on behalf of Directors Banes, Ibos and Vizzi, who, as new directors, took part in their first Board meeting, and in whom the other members of the Board saw fit to place full confidence. The warm reception rendered by the other members of the Board to them made each of them feel very welcome.

66. ) National President John Bencze, in adjourning the March, 1952 Board meeting, bids farewell to each member of the Board of Directors and requests each of them to continue serving the best interests of the Association even after the meeting. He thanks the members of the Board for their attentiveness and serious deliberations, and affirms the fact that every decision brought by the Board at this meeting was in accordance with the best interests of the Association. The meeting was adjourned March 22, 1952 at 11 a. m.

John Bencze, National President, Chairman of the Board, Julius Macker, Vice-President, Andrew Kovács M. D, Vice-President, Gay Banes, Aloysius C. Falussy, Henry Gross, Alexander Gyulay, Albert Ibos, Coloman Kolozsvary, Stephen Lang, Richard Phillips, Joseph Turner, Louis Vizi, John Vizzi, Coloman Revesz, National Secretary, John Szalanczy, National Treasurer, John Sabo, National Auditor.