William Penn Life, 1974 (9. évfolyam, 1-4. szám)

1974-01-01 / 1. szám

President Charles extended birthday greetings to the following: Dr. Samuel

C. Gomory, Medical Director; Director Albert G. Kertesz; Director William C. Kohut; Director Frank J. Wukovits, Sr.; Rev. Director Andrew P. Jacobs; Director Stephen Lang, Jr.; Director John P. Veszprémi, Jr.; Vice President John P. Balia.

He also announced that Director Frank Bero was reappointed for a third five-year term on the Connecticut Real Estate Commission. Carol Somogyi, daughter of National Treasurer Julius E. Somogyi, was appointed to the Business Teachers Aducation Advisory Committee of Robert Morris College.

President Charles informed the Board that the Agenda is a lengthy one and hopes that our deliberations will be most cooperative and fruitful.

2. Board Chairman John P. Balia called the meeting to order and extended greetings to the Board of Directors and National Officers. He was happy to see everyone healthy and in good spirits. He hoped our deliberations will be in the same good spirit, understanding and cooperation, keeping in mind the best interest of our Association.

3. The Board of Directors and National Officers pledged allegiance to the flag of the United States of America. Reverend Director Andrew P. Jacobs offered the invocation.

4. Secretary of the Board Frank J. Radvany calls the roll and the following are present:

Elmer Charles, National President; Louis L. Varga and John P. Balia, Vice-Presidents; Directors: Frank Bero, Zoltán B. Emri, Michael Hegedűs, Rev. Andrew P. Jacobs, Albert G. Kertesz, William C. Kohut, Stephen Lang, Jr., Frank J. Radvany, John Sabo, Joseph Toma, John P. Veszprémi, Jr., Frank J. Wukovits, Sr.; Albert J. Stelkovics, National Secretary; Julius E. Somogyi, National Treasurer; Gay B. Banes,General Counsel and Dr. Samuel C. Gomory, Medical Director.

5. The Agenda is presented to the Board and same is adopted with the proviso that any matter properly belonging before the meeting may be added thereto during the course of the meeting.

6. National Secretary Albert J. Stelkovics read the Minutes of the Executive Committee meetings held on October 8 and 9, 1973 and December 6 and 7,

1973. Following the reading of these Minutes the Board ensued on a lengthy discussion of same and the following resolutions were presented.

7. Moved, seconded and the Board adopted the following resolution:

RESOLUTION

The Board of Directors resolved, upon the recommendation of the Executive Committee, to appoint Mr. Gus G. Nagy as Field Assistant to the National President for the year 1974 and that he be responsible to the National President and Executive Committee.

8. Moved, seconded and the Board adopted that the Field Assistant to the National President Gus G. Nagy be authorized to attend the Board of directors meetings.

9. President Charles read a proposal from the Grant Parking, Inc. with respect to our parking lot located between Forbes and Fourth Avenues. After a lengthy discussion of this subject and what return the Association would receive on this property, moved, seconded, and the Board authorized the leasing of the Parking Lot on a month to month basis and the Board recommended the installation of a self-parking operation.

10. Moved, seconded and the Board authorized a donation of $600.00 to the Calvin Synod Youth Group to support the Summer Camping Program. This donation is given with the request that juvenile members of the William Penn Association be considered for admission under their rules and regulations of the Summer Camp.

11. Moved, seconded, and the Board approved the Minutes of the Executive Committee meeting held on October 8 and 9, 1973. The Board further ratifies the actions taken by the Executive Committee at this meeting.

12. Moved, seconded, and the Board adopted the following resolution:

BE IT RESOLVED, that for the year 1974 the following Officers be appointed upon the recommendation of the Executive Committee:

For Medical Director: Samuel C. Gomory, M.D.

For General Counsel: Gay B. Banes, J.D.

For Consulting Actuary: Robert E. Bruce

Director John Sabo abstained from voting on this resolution.

13. General Counsel Gay B. Banes reviewed the matter of the American Life Fund litigation and updated the Board as to its status.

Moved seconded, and the Board requested to have Attorney Knepper appear before the next Executive Committee meeting and outline in detail the status of this litigation and submit his recommendations for future steps to be taken. The Board unanimously empowers the Executive Committee to take whatever action they feel necessary with reference to the report which Attorney Knepper wall submit.

14. One of the main sources of income of the Association is from investments. The Board reviewed the proposal submitted by Fiduciary Counsel, Inc. and discussed at great length the progress the Investment Committee has made with the Association’s investment program. It was the recommendation of the Board members that low yielding investments be replaced wherever feasible with higher yielding investments. The Board had full confidence in the Investment Committe’s handling of the investment program. Moved, second, and the Board decided that we did not wish to engage professional counsel in managing the investments of our Association at this time.

15. Moved, seconded, and the Board authorized the Executive Committee and Investment Committee to give serious consideration to seek a site for a Home Office Building on the outskirts of Pittsburgh, with plenty of parking space.

16. Moved, seconded, and the Board adopted the following resolution:

RESOLUTION

RESOLVED that the action of the Staff in disbursing the same amount of financial assistance as last year to Branches holding Children’s Christmas Parties be ratified.

THE BOARD OF DIRECTORS of the

WILLIAM PENN ASSOCIATION announces with profound sorrow the death of

JOHN USZKO

Branch 226, McKeesport, Pa.

an ILLUSTRIOUS MEMBER of this Association. The Board of Directors in paying final Tribute to the memory of our ILLUSTRIOUS MEMBER, conveys on behalf of the membership of the Association, its deepest sympathy to the bereaved family.

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