William Penn Life, 1975 (10. évfolyam, 2-4. szám)

1975-10-01 / 4. szám

55. National President Charles submitted a detailed verbal report on the progress in the development of our Grant Street property. He explained that a partnership intends to build a two or three story commercial building with three or four story parking garage on top of which the Association would build its own one story, approximately 20,000 sq. ft., Home Office. The space not used for Home Office purposes would be leased out. He is very happy to report that an option agreement has been signed. He requests National Secretary to read the Option Agreement and the Agreement to Lease.

The members of the Convention were very pleased to hear this progress report and expressed the hope that the building project will soon get under way.

56. The Convention acknowledged receipt of a letter of greeting from the Honorable James A. Rhodes, Governor of the State of Ohio. The letter is referred to the Resolutions Committee.

57. Having reviewed the Board of Directors report, page by page, it was moved, seconded and unanimously accepted and approved. It was further resolved by the Convention that all the official actions of the Board of Directors during the past four year term be approved and ratified.

58. The Convention next reviews the report of the Auditing committee and the same is approved as submitted.

59. Chairman Charles called upon Mr. Robert E. Bruce, Actuary to extend his greetings to the Convention and then in capsule form summarize the Report of the Actuary to the Convention. In his report Mr. Bruce pointed out that the Association has grown since the last Convention, assets increased to a record high. The number of certificates in force also increased. Surplus increased to a record high. All these indices of growth and progress were achieved in a very difficult period which experienced investment market downturns, double digit inflation, marked changes in traditional attitudes of some regulatory agencies and a highly competitive sales market. The Association is to be highly commended for its success in the face of such obstacles.

The Convention delegates were pleased and proud to hear the Actuary’s favorable report. Upon motion made and seconded, the report of the Actuary is unanimously accepted.

60. Chairman Charles informed the Convention that the next order of business on the Agenda is to receive the report of the Nominating Committee.

Mr. Edward Behuncik, Chairman of the Nominating Committee, explained to the Convention that the Nominating Committee met several times in order to prepare a slate of candidates. He then introduced individually the members of his Committee: Mary Huthansel, Mary Karnya, Mary Kish, Stephen Vayda,

George Horvath, Roger G. Nagy, Julius Macker and Alex J. Horvath.

He stated that the Nominating Committee had divided its report into three parts.

The Nominating Committee nominated the following for National Office.

National President: Vice President:

Vice President: National Secretary: National Treasurer:

Elmer Charles John P. Balia Louis L. Varga Albert J. Stelkovics Julius E. Somogyi

Chairman Charles asked for nominations from the floor. There being no other nominations, it is moved, seconded and unanimously adopted that the nominations be closed and the Secretary cast one ballot for the unanimous election of Elmer Charles, National President; John P. Balia, Vice President; Louis L. Varga, Vice President; Albert J. Stelkovics, National Secretary; Julius E. Somogyi, National Treasurer.

61. Mr. Elmer Charles, in behalf of his fellow officers, expressed his gratitude to the Convention for having for the third consecutive four year term unanimously re-elected the five national officers. This action demonstrates better than anything else the solidarity of the Convention, which solidarity augurs well for the future growth of the Association. The William Penn Association has been his life, and he intends in the next four year term to dedicate all his time and effort for the prosperity of the Association.

62. The two Vice Presidents, National Secretary and National Treasurer also expressed their sincere thanks and appreciation for the confidence placed in them by the Delegates.

63. The Chairman of the Nominating Committee next presented the following nominees for Director:

Frank Bero Stephen Danko Zoltán B. Emri Michael Hegedűs Albert G. Kertesz William C. Kohut Stephen Lang, Jr.

Frank J. Radvany John Sabo Joseph Toma Frank J. Wukovits, Sr.

Steve Lesco

Mr. Charles now asked for nomination for Director from the floor. The following are nominated and accepted the nomination:

Stephen J. Ivancso, Branch 27, Toledo, Ohio and Julius Nadas, Branch 45, Cleveland, Ohio. Hearing no further nomination, Chairman Charles declared the nominations closed.

64. Chairman of the Nominating Committee submitted the following nominees for Alternate Director:

Elmer W. Toth Roger G. Nagy

William J. Kovach Frank J. Wukovits, Jr.

Joseph Arvay Stephen P. Danko Walter V. Bero Walter J. Stelkovis William S. Kastan Frank Zimmerman Steve Petruska Mary Karnya

The Chairman then asked for nominations for Alternate Directors from the floor. The following are nominated: William J. Vasas MaryTomcsak Andrew Vaszko

Mary Tomcsak declined the

nomination.

65. The Nominating Committee Chairman next submitted the nominees for Auditing Committee members:

Emma Beganyi Louis A. Fodor Michael Hrabar Michael Kara Helen Nemeth Charles S. Fabian

The following were nominated írom tne floor:

Alex Sohonyay and Louis W. Taylor. Mr. Taylor declined the nomination.

66. The Nominating Committee recommended the following for Alternate Auditing Committee members:

Anthony C. Beke Violet Lenart Kenneth J. Wentland

Mary Tomcsak was nominated from the

floor.

Chairman Charles requested the National Secretary to prepare ballots for tomorrow’s election.

67. Mr. Charles then thanked the Chairman and members of the Nominating Committee for a job well done and discharged the Committee with thanks.

68. Convention Chairman Charles expressed thanks and appreciation to the Board of Directors, National Officers and Auditing Committee for their cooperation these past four years. He informed the Convention that Chairman of the Auditing Committee László Kereszti was not nominated to the Auditing Committee due to the new age limit adopted by the Convention. László Kereszti is a wonderful, true, dedicated fraternalist and a friend who devoted many years of service to promote the fraternal cause. He thanked him for his unselfish devotion to duty which he gave to our Association and extended best wishes to him for the future.

69. Chairman of the Auditing Committee László Kereszti emotionally thanked the Convention for the kind recognition he has received.

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