William Penn Life, 1970 (5. évfolyam, 1-4. szám)

1970-08-01 / 3. szám

Scholarship Foundation accepted with sin­cere gratitude these generous donations and hopes others will take note of the fine fraternal spirit which these Branch­es have taken to support this worthwhile cause which the Association has under­taken. 11. Dr. Samuel C. Gomory, Medical Director, submitted his report for the first quarter of 1970. The Board accepted the report of the Medical Director with sin­cere appreciation and ordered same to be placed on file. 12. Board Chairman, John P. Balia, introduced Mr. Douglas Raymond, Vice President of Automated Business Service of the Western Pennsylvania National Bank, who presented his report to the Board with reference to the present status of the reprogramming of tlje Billing Sys­tem. He informed the Board many signifi­cant improvements and modifications were made in the new hilling system which caused delay in mailing the premium notices. He informed the Board that the June notices were sent out on time and plans are to maintain this current sche­dule. Much improvement and modification re­mains to be accomplished with reference to status reports, commission and persis­tency reports, etc. The Computer Center will continue to reprogram these systems and make them operative without undue delay. They will continue to correct any mistakes which may occur on an indivi­dual basis. The Directors continued to impress up­on Mr. Raymond the seriousness of com­pleting this changeover operation as quick­ly as possible. The Board informed Mr. Raymond it was still deeply concerned with the errors and complaints being re­ceived from members Mr. Raymond as­sured the Board they were doing every­thing possible to complete this program, however, it is a huge and complex un­dertaking and as with every new venture certain errors do occur. President Charles thanked Mr. Ray­mond for making his appearance before the Board. 13. The Board commenced a review and discussion of the proposed Merger Agreement between Wiliam Penn Frater­nal Association and American Life In­surance Association (Bridgeporti Szövet­ség). National Secretary Albert J. Stel­­kovics read the proposed merger agree­ment in its entirety. The Board evaluated and discussed particularly points 12 and 13 of the previously proposed merger ag­reement which was submitted and dis­cussed at the Special Meeting in New York City on April 15, 1970. The modified and renegotiated points 12 and 13 were now accepted by the Board and on a roll-call vote, unanimously re­solved to approve and accept the entire merger agreement. The Board further resolved that the National President and National Secretary be authorized, empowered and directed to execute the merger agreement and affix the seal of the Association thereto. It was further resolved that upon ac­ceptance and execution of the merger agreement by the American Life Insur­ance Association Directors and Officers, the agreement be submitted to the Penn­sylvania and Connecticut Insurance Com­missioners for approval. 14. National President Elmer Charles gave the Board a progress report on the affiliation of the St. Stephen Society mem­bers of Trenton, N. J., with the William Penn Fraternal Association. The Associa­tion is awaiting the results of the St. Ste­phen membership vote in this matter. Pre­sident Charles is confident that the vote for affiliation will be favorable. The Board acknowledges this report. 15. (a) The Board of Directors are in receipt of a letter signed by the officers of Branch 51, Passaic, N. J., dated April 18, 1970, whereby they protest the ruling by the Board which states in part: “The Board is of the opinion that since Mr. Andrew Rinko, president of branch 51, Passaic, N. J., is affiliated with another life insurance company, a definite “con­flict of interest” exists and, therefore, the office of president, Branch 51, Passaic, N. J. is forfeited and vacant.” In an attempt to resolve this matter, the Board granted Mr. Andrew Rinko the opportunity to personally appear be­fore the Board Members. Mr. Rinko pre­sented a lengthy dissertation as to why he should remain as president of Branch 51. Following this a discussion ensued wherein the Board Members discussed the matter with Mr. Rinko. Mr. Rinko was asked if he was willing to abide by the ruling of the Board and vacate the office of president. Branch 51, to which he gave a qualified negative reply. Mr. Rinko was asked if he had any other request to make of the Board in addition to the question of being Branch officer. Mr. Rinko replied he had no other request. After affording Mr. Rinko the oppor­tunity of being heard, also to be ques­tioned by Board Members as to his activ­ities as a life insurance salesman, it was moved, seconded and unanimously adopt­ed that the Board reaffirm its previous finding that Mr. Rinko is employed as a life insurance agent for a competing company and this represents a conflict of interest with the position of president of Branch 51, Passaic and the office stands vacant. (b) The Board then reads and dis­­cussses the letter from Officers of Branch 51, Passaic, N. J., signed by the follow­ing Branch Officers: Frank Horvath, Stephen Klics, Sándor Beda, Frank Stad­ler, Yolanda Rinko and Julius Paulik, dated April 13, 1970. They object to the action of the Board in vacating the office of Branch President. On motion adopted the National Secretary is direct­ed to advise the Branch that Mr. Rinko no longer holds the position of Branch President and that this Board did not and will not appoint a replacement and that the Vice President Alex Lakatos is the only officer now recognized by the As­sociation to conduct meetings and to car­ry on the duties of the office of Presi­dent at Branch 51. 16. The Board acknowledged receipt of letter of thanks and appreciation from the Frank Kertesz Family on their recent bereavement. The Board acknowledged receipt of letter of thanks from Mrs. Louis L. Var­ga, wife of Vice President, Louis Varga, on recent death of Mrs. Varga’s father. The Board acknowledged a letter from Mrs. Mary Wesoloski, Branch 296 and Andrew S. Thomas, Branch 044, express­ing congratulations to the Association for the successful Bowling Tournament and Fellowship Days held in Toledo, Ohio. 17. In recognition of the services ren­dered to the Association, by Mrs. Anna Varga, Recording Secretary for Branch 48, New York, N. Y., the following re­solution is adopted: RESOLVED by the Board of Directors in regular quarterly meeting assembled in Pittsburgh, Pa. this 9th day of June, 1970 that in recognition of her loyal serv­ice to the Branch and to the Association, Mrs. Anna Varga, Branch 48, New York, N. Y., be awarded the Illustrious Cita­tion and attendant pin. 18. The Board acknowledged a letter from Branch 14, Cleveland, Ohio pertain­ing to the transfer of funds. It was moved seconded and unanimously adopted by the Board that General Counsel be auth­orized to send a letter to Branch 14, and the Trustees of Funds for Branch 14, that they immediately comply with the Board Ruling of March 10, 1970. Gen­eral Counsel is authorized to engage local counsel, if necessary, to bring legal ac­tion to comply with the Board Ruling. 19. National President, Elmer Charles, informed the Board that there appeared certain news articles referring to the pos­sibility of the return of St. Stephen’s Crown to Hungary by the U. S. Govern­ment. President Charles sent telegrams to the President of the United States of America, Senators Scott and Schweiker of Pennsylvania protesting, on behalf of the members of the William Penn Fraternal Association, the return of the Crown to Hungary. President Charles is in receipt 11

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