William Penn Life, 1982 (17. évfolyam, 1-4. szám)

1982-07-01 / 3. szám

Minutes of the Annual Meeting of the William Penn Fraternal Association Scholarship Foundation, Inc. Minutes of the Annual Meeting of the William Penn Fraternal Associa­tion Scholarship Foundation, Inc., Fri­day, May 28, 1982 at Bond Court Hotel, Cleveland, Ohio. 1) The meeting is called to order by Mr. Elmer Charles, President at 6:10 P.M. President welcomes the members to the meeting, and expresses sincere appreciation to all who have so faithfully supported this great fraternal activity of the William Penn Associa­tion. 2) Roll is called by Mr. Gus G. Nagy, Secretary-Treasurer and the following are present: Emma Beganyi, James Beganyi, Gay Banes, Helen Banes, Frank Bero, Julie Bero, Elmer Charles, Marie Charles, Julia Danko, Stephen Danko, Zoltán B. Emri, Ethel Fodor, Louis A. Fodor, Charles Fa­bian, Alex Goydan, Ann Hrabar, Michael Hrabar, Michael Hegedűs, Mary Huthansel, Michael Kara, Ann Kertesz, Albert G. Kertesz, Helene Kohut, William Kohut, Stephen Lang, Jr., Wilma Lang, Violet Lenart, Betty Lesco, Steve Lesco, John T. Lesko, Jeanne Lesko, Julius Macker, Paul Molocko, Elizabeth Nagy, Gus G. Nagy, Elsie Radvany, Frank J. Rad­­vany, Ethel Sabo, John Sabo, Julius E. Somogyi, Albert J. Stelkovics, Mary Stelkovics, Frank Tima, Joseph Toma, Sylvia Toma, Louis L. Varga, Valeria Varga and Frank J. Wukovits, Sr. The following Branches are represented: Branch 1, Bridgeport, Conn., Frank Bero; Branch 13, Tren­ton, N.J., Elsie Radvany; Branch 14, Cleveland, Ohio, Bob Stypa; Branch 16, Perth Amboy, N.J., Ann Hrabar; Branch 18, Detroit, Michigan, Louis Vespremi; Branch 18, Detroit, Michigan, Betty Kocsis, Ladies Aux­iliary; Branch 19, New Brunswick, N.J., Joseph Arvai; Branch 22, Roeb­­ling, N.J., Zoltán Emri; Branch 34, Pittsburgh, Pa., Michael Kara; Branch 48, New York, N.Y., Mary Huthansel; Branch 88, Yatesboro, Pa., Alex Cho­­body; Branch 89, Homestead, Pa., William Kohut; Branch 132, South Bend, Indiana, Frank Wukovits; Branch 226, McKeesport, Pa., Ethel Sabo; Branch 249, Dayton, Ohio, Mr. Matko; Branch 249, Dayton Magyar Club, Frank Hoffer; Branch 296, Springdale, Pa., Julius Somogyi; Branch 28, Youngstown, Ohio, John Kolucky; Branch 40, Martins Ferry, Ohio, Margaret Suták; Branch 349, Weirton, West Virginia, Ethel Fodor. The Secretary informs the Chair that a quorum is present. 3) Secretary reads the Minutes of the Annual Meeting held in Chicago, Illinois, May 22, 1981. Minutes are ac­cepted as read. 4) Secretary reads the Minutes of the Executive Committee meeting held in the Home Office, Pittsburgh, Pa., July 31, 1981. These Minutes are ac­cepted. 5) Treasurer, Gus G. Nagy, reads the Financial Report for the year 1982. The members are pleased to learn that there is available $19,170.33 in Invest­ment Income for Scholarship grants in the 1982/83 academic year. It is moved and seconded to accept the Treasurer’s Report, copy of which is attached to and made a part of these Minutes. 6) President Charles extends to the members greetings from Vice President John P. Balia, who cannot be present because of his confinement to a hospital. Mr. Balia sends a message to all branches requesting them to con­tinue to support the Scholarship Foun­dation. 7) Mr. Gay B. Banes, General Counsel, moves and Director Stelko­vics seconds and is unanimously adopted that the Scholarship Founda­tion Awards Committee provide an ad­ditional $200.00 Scholarship Grant, over and above the regular grant to that scholar who has the most out­standing scholastic record. 8) Director Kohut moves and Auditor Kara seconds that the Awards Committee give an extra $200.00 scholarship grant to that scholar who is majoring in insurance. 9) Mr. Louis L. Varga, Vice Presi­dent, proposes that the Executive Committee create a Board of Associate members consisting of those who con­tribute a minimum of $1,000.00 to the Scholarship Foundation. These Associates then are to be lifetime members of the WPFASF, Inc. and a certificate be awarded to them. After some discussion, Mr. Varga moves and Director Danko seconds that the Board of Associates be established, and all of those, who contribute a minimum of $1,000.00, which can be paid in over a 4 year period, shall be Lifetime Scholarship Foundation members. The $1,000.00 donation entitles husband and wife to lifetime membership. 10) Upon the adoption of this mo­tion, the following signify their inten­$239,145.36 FINANCIAL STATEMENT William Penn Fraternal Association Scholarship Foundation, Inc. JUNE 30, 1982 BALANCE AS OF DECEMBER 31,1 981 INCOME: Donations Bond Interest Stock Dividends Savings Account Interest Certificate of Deposits Interest TOTAL: DISBURSEMENTS: $9,329.96 7,008.14 480.00 96.26 1,779.88 $18,694.24 Scholarship Grants $ BALANCE AS OF JUNE 30, 1 982 ASSETS Bonds Stocks Certificate of Deposits Savings Account Checking Account TOTAL ASSETS AS OF JUNE 30, 1 982-0-$257,839.60 $1 54,521.72 10,212.00 75,876.78 16,923.75 305.35 $257,839.60 8

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