William Penn Life, 1968 (3. évfolyam, 1-12. szám)

1968-10-01 / 10. szám

Toma of Zone 1, read his report to the Board with reference to the Field Operation in his Zone.

B. Supervisor of Agencies, Gus G. Nagy of Zone 2, read his report to the Board with reference to the Field Operation in his Zone.

C. Supervisor of Agencies, Frank J. Wukovits, Sr. of Zone 3, read his report to the Board with reference to the Field Operation in his Zone.

D. It was moved, seconded and adopted by the Board to accept the reports of these Supervisors of Agencies.

21. Director Hegedűs presented a check to the William Penn Fraternal Association Scholarship Foundation.

22. It is resolved by the Board of Directors that the William Penn Fraternal Assocation Scholarship Foundation be formed as a separate corporation and General Counsel, Gay B. Banes, is authorized to seek a Charter for same, prepare By-Laws for the corporation and obtain I.R.S. approval.

By-Laws to be presented to next Board Meeting for approval.

23. It was reported by the National President that the American Hungarian Federation will hold its Triennial Convention in Philadelphia, Pa. on October 11, 12 and 13, 1968. It was moved, seconded and adopted by the Board that National President Charles, Directors Michael Hegedűs and Frank J. Radvany represent the William Penn Fraternal Association at the Convention.

24. Director Hegedűs gave the Board a full report of the Hungarian Reformed Federation Convention which was held in I.igonier, Pa.

25. It is moved, seconded and adopted by the Board to accept the President’s Report in its entirety.

26. The following Resolution is adopted with regards to Pension By-Laws.

RESOLVED by the Board of Directors in regular Quarterly Meeting assembled in Pittsburgh, Pa., this 10th Day of September, 1968, that the amended Pension By-Laws, as presented at this meeting, be approved.

27. It is moved, seconded and adopted by the Board to accept the following Resolution pertaining to the Investment Committee.

RESOLUTION

WHEREAS there is a vacancy in the office of Investment Manager, and

WHEREAS the Boards’ Committee recommended to the Board that the Investment Program of the Association be handled by an Investment Committee consisting of four National Officers, and

WHEREAS this Committee has handled Investments for a period of three months, and

WHEREAS the Board is satisfied that the Association Investment Program can satisfactorily be carried out by this Committee.

NOW, THEREFORE, BE AND IT IS HEREBY RESOLVED by the Board of

Directors in regular Quarterly. Meeting assembled in Pittsburgh, Pa., this 10th Day of September, 1968, that the investing of Association funds be carried out by the Investment Committee consisting of the following: Elmer Charles, National President; Albert J. Stelkovics, National Secretary; John Sabo,-National Controller, and Julius E. Somogyi, National Treasurer.

28. General Counsel, Gay B. Banes reads his report to the Board, and after deliberation is accepted.

29. Secretary of the Boards’ Committee, Julius J. Lenart, read the Board’s Committee Report in its entirety.

30. The following Resolution is adopted: Re: Gus G. Nagy, Supervisor of Agencies

RESOLUTION

WHEREAS Gus G. Nagy has completed fifteen (15) consecutive years as a Field Supervisor, Regional Manager and Agency Supervisor, and

WHEREAS Mr. Nagy in his Supervisory capacity has contributed greatly to the growth of our Association, and

WHEREAS the Board of Directors wished to publicly recognize the contributions made by Mr. Nagy to the William Penn Fraternal Association.

NOW, THEREFORE, BE AND IT IS HEREBY RESOLVED by the Board of Directors in regular Quarterly Meeting assembled in Pittsburgh, Pa., this 10th Day of September, 1968, that the ILLUSTRIOUS CITATION and Attendant Lapel Pin be awarded to Mr. Gus G. Nagy, Supervisor of Agencies, Zone 2.

31. The Board accepts the report of the Building Committee.

32. The Board accepts the report of the Investment Committee.

33. It is moved, seconded and adopted by the Board to authorize the Staff to seek licenses in other states where there may be a potential for additional business.

34. A lengthy discussion and deliberation ensued on matters pertaining to Production, Agency Operation and Home Office Operation.

35. Board Chairman, John P. Balia, recesses the meeting for the purpose of permitting the Board of Directors, National Officers and Home Office Employees of the William Penn Fraternal Association to attend a Requiem Mass at St. Mary of Mercy, Roman Catholic Church in Pittsburgh, Pa., in memory of National Director, Aloysius C. Falussy and other deceased members of the William Penn Fraternal Association.

The Mass was celebrated by National Director, Rev. Andrew P. Jacobs and was assisted by National Secretary Albert J. Stelkovics and Vice President, Louis L. Varga.

36. Board Chairman, John P. Balia, reconvenes the meeting following the

Mass.

37. It is moved, seconded and adopted by the Board to have the National Secretary send a letter of thanks to the

St. Mary of Mercy, Roman Catholic Church of Pittsburgh, Pa., for permitting the William Penn Fraternal Association to hold Memorial Services at the Church.

38. National President, Elmer Charles, submits a report on Hotel Rates and Charter Flight Rates to Miami, Florida, in connection with the 1970 Bowling Tournament and Fellowship Days.

It is moved, seconded and adopted by the Board that a poll be made of all Bowling Teams Captains setting forth approximate hotel rates and plane fares and the same poll to be conducted in our offical publication to determine what interest the membership would have in supporting the possibility of taking the Tournament and Fellowship Days to Miami, Fla., in 1970.

39. National Director, Stephen Danko, extended an invitation to the Board for consideration of holding the 1971 Bowling Tournament and Fellowship Days in Detroit, Mich. This bid was acknowledged by the Board of Directors.

40. The Board acknowledges receipt of letters of thanks and appreciation from John Bencze and the Steve Bencze family for the floral tributes sent in their recent bereavement-. Letters of thanks were also received from Michael Faczan and Julius Somogyi with reference to their recent illness.

4L It is moved, seconded and adopted by the Board that the Boards’ Committee Report be accepted as read in its entirety and be attached to and made a part of these minutes.

42. National President, Elmer Charles, presented the William Penn Fraternity Ring at this time to the new Board Members, Director Stephen Ivancso, Director Rev. Andrew P. Jacobs and Director Frank J. Radvany.

43. The Board of Directors on behalf of the William Penn Fraternal Association expresses sincere gratitude to National Director, Rev. Andrew P. Jacobs for celebrating the Requiem Mass for our deceased members and for the valued assistance rendered to him by National Secretary, Albert J. Stelkovics and Vice President, Louis L. Varga.

44. National President, Elmer Charles, thanked the Board Members for the wholehearted and spirited cooperation the Board had extended at this meeting. He stated we opened this Board Meeting on a note of sadness in our hearts, but we should close the .meeting with gladness in our hearts for the successful meeting we have just concluded. He requested we continue to think of good sound suggestions and programs which we could institute in the coming year which would elevate our Association to greater heights. He extended best wishes to the Board Members’ Families and for a pleasant trip back home.

45. Vice Presidents Lenart and Varga also expressed appreciation for a fine meeting.

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