William Penn Life, 1971 (6. évfolyam, 1-4. szám)

1971-11-01 / 4. szám

by the Board»

c) The District Session Meeting shall not be delayed more than Z2 hour from the time fixed in the notice* Any meeting delayed more than Z2 hour without a written consent of all the members present will be invalid and the delegate elected will not be entitled to be seated»

d) The District Session Meeting shall elect their own officers, consisting of the Chairman and Secretary» The Chairman shall vote on all motions or elections»

e) District Session Meetings not conducted at the time and place designated in the notice may be declared void by the National President and new election ordered by him»

f) The eligibility of members to vote at District Sessions shall be determined in accordance with the roll of members furnished by the Home Office*

g) Upon the closing of the meeting, the Secretary must file with the Home Office a complete list of members who attended and voted at the District Session at the time the Certificate of Convention Delegate is filed*

h) The delegate must not be an officer contracted or appointed by the Board of Directors, a Home Office Employee, a District Office Employee, a General Agent, an Agent and Independent Contractor, except Branch Manager, Branch Officers and Special Agents who are appointed by the Association*

i) The delegate must not have any financial obligation to the Association as a result of previous employment or has terminated employment less than one year prior to District Delegate Meeting*

j) The delegates may not be a person who for any reason instituted suit against the Association, without first appealing to the Board of Directors*

k) The delegate may not be employed by any other life insurance company or fraternal benefit society on a full time basis*

The Resolution is approved, ratified and adopted*

42» Chairman recesses the meeting until 9:00 A*M* Tuesday morning*

43» Chairman, Elmer Charles, reconvenes the meeting on Tuesday, September 14, 1971, at 9:00 AoM* and extends greetings of welcome to the delegates and visitors*

44» A Roll Call of Districts is made and all delegates except Imre Geosits, Pennsylvania District # 9 are present*

45» Minutes of Monday’s Meeting are read and approved as corrected* When the corrected Minutes will be typed in final, Chairman will appoint two, or if necessary, four Convention Delegates to certify the correctness of the Minutes»

460 It is moved, seconded and adopted that the following be included in the Convention Membership with the same honorarium and travel expense as the delegates, but with no vote;

Samuel C* Gomory, M* D»

Gay Bo Banes, General Counsel

and the following three field representatives who were invited to the Convention by the Board of Directors:

Gus G* Nagy, Field Manager — Central Andrew R* Balgoh, General Agent, Branch 1 Steve Úsztok, Field Representative, Br* 18 47» Mr* Michael Kara, delegate from Pennsylvania District #3, Branch 34, Pittsburgh, Pennsylvania, invites the Convention Delegates to an evening of entertainment at the Hazelwood Magyar Haz this evening» The Convention accepts the invitation and it is moved and seconded that the Association provide transportation for the delegates to and from Hazelwood»

48» Telegrams of greetings are acknowledged with thanks by the Convention from the following:

Branch 56, Detroit, Michigan Mayor, City of Lorain, Ohio American-Hungarian Club of Pittsburgh, Pa* 49» The Convention continues with the report of the Board of Directors, the proposed Directors Pension Plan is discussed» It is moved and seconded that the Pension Plan for Directors and Auditing Committee Members be adopted as proposed in the report* A question is raised whether this Plan, if adopted, would include the National President, who is also a member of the Board* The answer was that unless he was excluded by Convention Resolution he would be included* The Convention is reminded that there are also two other members of the Board who are also full time employees, therefore, to be equitable all three must be included or excluded*

An Amendment to the motion is then made and seconded, stating that any Board Member who also had a full time position with the Association be excluded from the Directors Pension Plan»

A voice vote was taken on the amendment and the Chairman announced the amendment lost* A request for Division was made and seconded and acceeded to by the Chair» The Tellers counted 20 delegates standing for the adoption of the Amendment and 95 against, thus the Amendment was defeated*

The Chairman then asked for a vote on the original motion» Again, there was a request for Division* The motion carried 95 to 20, thereby, the Directors Pension Plan is adopted as outlined on Page 17 of the Board Report and detailed in the Actuary’s Report on this Plan»

50* On Monday, the Parliamentary procedures for the Convention as prepared for and included in the Board Report was not adopted, therefore, on a motion made and seconded the Parliamentary Procedures in the Board Report are unanimously adopted*

51» The Convention next discusses that portion of the Board Report pertaining to the William Penn Building* General Counsel Banes and Chairman Charles answer questions posed by the delegates* A full explanation is given as to what air-rights are* The costs involved to date are detailed and it is explained fully that to date General Counsel has received nothing other than his retainer in connection with the Building* After discussion has ended the following Resolution is adopted*

RESOLUTION

RESOLVED THAT, whereas the Convention has heard the Report of the Board of the Association’s Building Program in the City of Pittsburgh as a part of the Grant Square Project, including the sale of its interest in the Cherry Way site in Block “A" and the purchase in Block “C” and has debated the same;

NOW, THEREFORE, BE IT RESOLVED by the Convention in regular session assembled that it does hereby approve, confirm and ratify the actions heretofore taken by the Board and the Building Committee involving the William Penn Office Building Program, including expenditures and costs incurred in the same;

RESOLVED FURTHER that in the event the Board is unable to consummate the terms of the present agreement with the Pittsburgh Parking Authority, the Board and Building Committee be and they are hereby authorized and directed to enter a new or amending agreement for construction of the building and garage or to terminate said agreement on the best terms for the Association, and to negotiate the purchase, the sub-surface interest in Block ‘‘C**, either on behalf of the Association or in combination with the air-rights tenant;

RESOLVED FURTHER, in event the existing agreement is terminated, the Board and Building Committee are authorized and directed to construct a building and garage or develop a plan most feasible for construction of our building on Block “C”*

ADOPTED this 14th day of September, 1971»

Mr* Frank Knaver wishes to be recorded as having voted nay» 52» Chairman Charles announces to the Convention that it can now be revealed that the prime tenant and builder of the new building will be Western Pennsylvania National Bank*

53» In connection with the report on the American Hungarian Studies Foundation and the American-Hungarian Federation, the following Resolution is adopted unanimously»

RESOLUTION

WHEREAS , the Board of Directors instituted the William Penn Scholarship Foundation, Inc», and

WHEREAS, the Board is desirous of increasing the assets of said Foundation, and

WHEREAS, a thorough review has been made on those donations and expenditures which the Association makes each year to various organizations, and

WHEREAS, it has been determined that as a result of 1967 Convention Resolution $1,200.00 per year has been donated to both the American Hungarian Studies Foundation and the American Hungarian Federation, and

WHEREAS, the Board is of the opinion that these donations would better serve our own membership;

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