William Penn Life, 1969 (4. évfolyam, 1-12. szám)

1969-06-01 / 6-7. szám

(Continued from page 8)

He extended a warm welcome to the Board Members and National Officers. He stated there were important matters to discuss and hoped the deliberations and decisions will be in the best interests of our Association.

3. Secretary of the Board, Frank J. Radvany, calls the roll and the following are present: Elmer Charles, National President; Louis L. Varga and Julius J. Lenart, Vice Presidents; Directors: John P. Balia, Frank Bero, Stephen Danko, Michael Hegedűs, Stephen J. Ivancso, Rev. Andrew P. Jacobs, Dr. Andrew Kovács, Stephen Lang, Jr., Frank J. Radvany, Joseph Toma, Louis Vassy, and Frank J. Wukovits, Sr., and Officers: Albert J. Stelkovics, National Secretary, John Sabo, National Controller and Budget Director, and Julius E. Somogyi, National Treasurer.

Gay B. Banes, General Counsel and Dr. Samuel C. Gomory, Medical Director were also present.

4. The Agenda is adopted with the proviso, that any matter properly belonging before the meeting may be added thereto during the course of the meeting.

5. The report of the National President is now discussed point by point. National President Charles informs the Board that Mr. R. E. Bruce, Actuary will be present for this meeting and will answer all questions pertaining to proposed innovations relative to the operations of the Association.

6. A lengthy discussion was held on Minimum Premium Collections. It was noted in the discussions that mailing costs and administrative costs continue to rise and small monthly accounts are becoming excessively costly. Therefore, it is recommended that no less than $5.00 be accepted as a monthly payment and that the mode of payment be adjusted to quarterly, semi-annual or annual to reflect the minimum payment.

The Board recognizes that it is essential that the change be made, however, to eliminate any possible hardship it was decided by proper motion, and seconded, that the staff make an in depth study of Minimum Premium Collections proposal and make its recommendation at the September Board Meeting, and that preparations be made to institute the Program by January 1,

1970. Above motion was unanimously adopted by the Board.

7. National President Charles details to the Board the more than 43 years of devoted, loyal service rendered to the Association by Samuel C. Gomory M.D., Medical Director and upon his suggestion, it is unanimously resolved by the Board that Dinner, honoring Dr. Gomory be held during the week at which time a suitable Citation will be presented to Dr. Gomory.

8. General Counsel Gay B. Banes gives a verbal report on the decision rendered by the Court of Appeals, Franklin County, Ohio in the American Fund matter. After due consideration the Board unanimously agrees that the American Fund matter be further pursued and the National President and General Counsel Banes are instructed to proceed along the lines outlined by the Board during the discussion of this point.

9. A lengthy discussion ensues with reference to the Building Program. The Association was informed by letter that the Board of Commissioners of Allegheny County have resolved to acquire property which includes the Associations’ Cherry Way property for the construction of a Major County Office Building. The Association is being offered an opportunity to exchange its property for a parcel of land on Grant Street opposite the present City-County Building. Such an exchange will permit the Association to construct a building of 300,000 square feet instead of 178,500 contemplated for the present site. The entire feasibility of such a move is thoroughly discussed. It is moved, seconded and the Board unanimously adopted the recommendation of the Investment Committee that the Association negotiate for the exchange of our Cherry Way site for a larger site on Grant Street between Forbes and Fourth Avenue.

10. Director Vassy extended best wishes to the Board and National Officers from former Chairman of the Auditing Committee, Gaspar Papp.

11. The Board acknowledges greetings and best wishes for a successful meeting from the following Branches:

Branch1

Bridgeport, Conn.

Branch13

Trenton, N. J.

Branch14

Cleveland, Ohio

Branch18

Detroit, Mich.

Branch19

New Brunswick, N. J

Branch27

Toledo, Ohio

Branch48

New York, N. Y.

Branch56

Detroit, Mich.

Branch132

South Bend, Ind.

Branch226

McKeesport, Pa.

Branch249

Dayton, Ohio

Branch296

Springdale, Pa.

12. National President, Elmer Charles, extends best wishes for a very successful meeting from William C. Kohut, Chairman of the Auditing Committee.

13. A. Supervisor of Agencies, Joseph Toma, of Zone I, read his report to the Board with reference to Field Operations in his Zone.

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

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

14. The Board commences a very lengthy discussion of the entire Field Program taking into consideration such problems as production, cost factors in producing new business, debit balances, persistency ratios, personnel problems with agents, and agency managers. Mr. Robert E. Bruce, Actuary, addressed the Board and elaborated on certain recommendations that we must institute in order to improve our field program. The thorough discussion by the Board and National Officers required the balance of the day on this topic.

15. RESOLUTION

To: Dr. Samuel C. Gomory

WHEREAS you are now observing

your 50th Anniversary in the practice of medicine and

WHEREAS during these past 50 years you have unstintingly provided care, succor and consolation to thousands of patients and healed their wounds and illnesses, and

WHEREAS you have also rendered outstanding service to your fellow members of the William Penn Fraternal Association as Medical Director for the past 43 years, and

WHEREAS in addition to your professional duties you have also given unselfishly of your time and served your race in many capacities and organizations to promote our Magyar heritage so that the world might know the great contributions made by Magyars to world culture and knowledge, and

WHEREAS we, the Board of Directors, also on behalf of the Officers and the 70,000 members of our William Penn Fraternal Association wish to recognize your fine contributions to us and to express our sincere and heartfelt thanks and appreciation to you for the tremendous humanitarian services you have rendered during your career.

NOW, THEREFORE, we, the Board of Directors of the William Penn Fraternal Association, Resolve, in regular quarterly meetitng assembled at the City of Pittsburgh, Commonwealth of Pennsylvania, this 17th day of June, 1969

THAT, we are honored and proud to have you as a friend and co-worker and extend our congratulations to you on this 50th anniversary of your distinguished career in the practice of medicine and as a Professor in the School of Medicine at the University of Pittsburgh, and

THAT, we do hereby recognize and extend to you our thanks and appreciation for the outstanding contributions and untiring service you have rendered to the membership of the William Penn Fraternal Association which comprises the former Verhovay Fraternal Association and Rákóczi Aid Association and your Magyar race; and

WE FURTHER RESOLVE that this Resolution shall be spread on the

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