William Penn Life, 1979 (14. évfolyam, 1-4. szám)

1979-01-01 / 1. szám

(Continued from Page 23)

Mrs. Patti Z. Bruce, Emery A. Szalai and Helen Nemeth.

Irene Vass, Secretary of Branch 129, Columbus, Ohio for their church group being shown Penn Scenic View.

The request of Frank Balogh, Branch 15, Chicago, Illinois is acknowledged and National President is requested to act in this matter.

47) The Board moved, seconded and authorized the following resolution pertaining to 1979 Annuity Plans.

RESOLUTION

Resolved by the Board of Directors in regular quarterly meeting assembled in Pittsburgh, Pennsylvania this 13th day of December 1978 that for the calendar year 1979, in addition to the 4% dividend guaranteed in the annuity contracts the additional 3Vi% dividend be credited on all annuity contracts in force more than twelve months.

48) The Board of Directors acknowledged that Mrs. Magdolna Tamaska has retired after 15 years of service with the Association. Mr. and Mrs. Endre Tamaska have donated two boxes of Hungarian books to the William Penn Association library and a portrait by Mr. Tamaska of Francis Rákóczi II to the Association. The Board acknowledges these donations with sincere thanks and appreciation and extended best wishes to Mrs. Tamaska upon her retirement.

49) The Board of Directors adopted the following resolution pertaining to the New York Insurance Law:

RESOLUTION

PURSUANT TO SECTION 42 OF THE NEW YORK INSURANCE PLAN

At a meeting of the Board of Directors of the William Penn Association held on the 13th day of December 1978 at the office of the William Penn Association a quorum of the said Board was present and on motion the following resolution was duly adopted:

RESOLVED that the William Penn Association now authorized or having applied for authority to do an insurance business in the State of New York, does hereby agree as follows;

That it will not engage in any insurance business in contravention of the provisions of Section 42 of the New York Insurance Law, nor any insurance business which it is not empowered to do by its charter;

That it will not engage in New York in any kind or combination of kinds of insurance business not permitted to be done by similar insurers domiciled in New York;

That it will not do in New( York or elsewhere any kind of business other

than an insurance business and such business as is necessary or properly incidental to the kind or kinds of insurance business which it is licensed to do in New York;

That, except as otherwise specifically provided in the New York Insurance Law, it will comply substantially with and requirement or limitation of such law applicable to similar insurers domiciled in New York which in the judgment of the Superintendent of Insurance of the State of New York is reasonably necessary to protect the interests of the people of New York;

That it will not do outside of New York any kind of combinations of kinds of insurance business not permitted to be done in New York by similar insurers domiciled in New York, unless in the judgment of the Superintendent of Insurance of the State of New York the doing of such kind or combination of kinds of insurance business will not be prejudicial to the best interests of the people of the State of New York.

I HEREBY CERTIFY that the above is a correct copy of a resolution of the Board of Directors of William Penn Association adopted on the 13th day of December, 1978.

Secretary, Albert J. Stelkovies

50) The Board of Directors acknowledged with sincere thanks and appreciation the following contributions to the William Penn Scholarship Foundation:

Mr. and Mrs. Louis L. Varga, Vice President—$5,000.00

New Jersey Branches 13, 16, 19, 22 and 51—$1,200.00

Pittsburgh Area Branches 34, 71,89, 226 and 296—$1,320.00

51) Director Danko extended a cordial invitation to the Champagne Ball sponsored by Branch 18, Detroit, Michigan on February 10, 1979 at the Hungarian Reformed Church, Allen Park, Michigan.

52) Director Hegedűs informed the Board that New Jersey Branches 13 of Trenton, Branch 16 of Perth Amboy, Branch 19 of New Brunswick, Branch 22 of Roebling and Branch 51 of Passaic held a very successful combined Dinner-Dance for the benefit of the Scholarship Foundation. Everyone attending enjoyed an evening of fine fraternal fellowship. Vice President Varga commended Directors Hegedűs, Radvany and Emri from New Jersey for promoting such a fine event. Proceeds of $1,200.00 was presented to the Scholarship Fund.

53) National Secretary commended Directors Sabo and Kohut and National Vice President Balia and Vice President Gus G. Nagy and their Com-5> U1 Cl

m yD n oj t r~ -J

■n 7 O

ro m t> iv> ■n 7 d O a -y - 'O ry -J

(/l 7 Tl U) T. O TO

m

H

m

U

n nw t 7 n o

« I—I o

n I— i~*

■y r-i r~ as • T> T>

ö t- n

m • m m

*o •

o

mittee for the lovely ocnoiarsmp Dinner-Dance sponsored by the Pittsburgh Area Branches. Proceeds of $1,320.00 was turned over to the Scholarship Fund.

54) Director Wukovits extended to everyone a sincere invitation to a New Year’s Eve Patty conducted by Branch 132, South Bend, Indiana.

55) It is agreed by the Board that regular meetings in 1979 be held on the following dates:

March 12-13-14 June 11-12-13 August 20-21-22 December 10-11-12

56) President Elmer Charles thanked everyone at this meeting for their understanding, patience and wisdom. He hoped the Minutes of this meeting will be historical. He stated he will notify the Board on the outcome of our building project and the American Fund w'hich is coming to a settlement soon. He informed the Board we should not be afraid of burdens.

We should leave the meeting in the spirit of unity and fellowship. He is looking forward to a fruitful and most successful convention in 1979.

Mr. Charles extended to each Board member, their families and each member a very Merry Christmas and a Happy, Prosperous New Year. He stated he is not sending any Christmas cards but is donating $100.00 to the William Penn Scholarship Foundation in lieu of Christmas cards. He also stated that Frances A. Furedy is also donating $25.00 to the Sholarship Foundation in lieu of Christmas cards.

57) The Chariman adjourned the meeting at 12:00 Noon.

Respectfully submitted, Frank J. Radvany Secretary of the Board Elmer Charles,

Board Chairman ATTEST:

Albert J. Stelkovies National Secretary-Treasurer

24