William Penn Life, 1982 (17. évfolyam, 1-4. szám)
1982-07-01 / 3. szám
38) Director Albert J. Stelkovics read a summons and complaint just received from the owners of the Allegheny Building where the Association presently occupies the 5th floor. The summons alleges th< Association of breaking its renta lease. The Association denies an\ breach of its lease. It was moved seconded and authorized by th< Board that the Association defenc the suit. $75.00 daily hospital benefit for 1 20 days. The definition of the 1 20 day period is not clear. Therefore, it was moved, seconded and adopted by the Board that the 1 20 day period is for each hospital confinement. The coverage may be carried after retirement or non-election to office, by paying the annual premium which was established for the person's attained age at the time the plan was originally commenced. 32) The Board of Directors requested the Executive Committee to review the $75.00 daily hospital benefit plan as to its cost and review the feasibility of increasing this plan to $100.00 daily benefit. 33) Secretary-Treasurer, Gus G. Nagy, submitted his report to the Board of Directors. The Board acknowledged Mr. Nagy's report with sincere thanks and appreciation. 34) The Board of Directors referred Point 28, Page 1 0, Minutes of the Executive Committee meeting held on April 29, 1 982, pertaining to Fraternal Fund back to the Executive Committee for further review. 35) It was moved, seconded and the Board adopted the following resolution pertaining to Association branches: RESOLUTION WHEREAS, the Association desires to establish a closer relationship with local branches and WHEREAS, we wish to support, encourage, promote and direct more fraternal activities by our local branches, THEREFORE, BE IT RESOLVED, that effective January 1, 1983, all William Penn Association branches be sub-chartered through the Board of Directors by a resolution, BE IT FURTHER RESOLVED, THAT General Counsel prepare proper bylaws and charter for each branch of the Association. 36) The Board referred Point 30, Page 1 1, Minutes of the Executive Committee meeting held on April 29, 1 982, pertaining to the request of General Counsel, Gay B. Banes, to the Executive Committee. 37) It was moved, seconded and the Board of Directors adopted the Minutes of the Executive Committee meetings dated April 28 and 29, 1 982, in its entirety and ratified the action of the Executive Committee. Minutes . . . 39) It was moved, seconded and the Board adopted the following resolution pertaining to reinsurance. RESOLUTION WHEREAS, Business Men's Assurance Company of Kansas City, Missouri desires to enter into an agreement with the Association, and WHEREAS, the William Penn Association will benefit from their various Underwriting programs, THEREFORE, BE IT RESOLVED, that the Association accept their proposal and enter into a reinsurance agreement with the Business Men's Assurance Company effective July 1, 1982. 40) The Board of Directors adopted the following resolution pertaining to premium payments: RESOLUTION WHEREAS, the by-laws of the Association provides in Chapter VII, Section 8, that the mode and time of premium payment shall be established from time to time by the Board of Directors, and WHEREAS, due to the ever increasing postage cost, the frequency of mailing premium notices and the return of premium payment is creating an increase in cost. NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the William Penn Association in regular meeting assembled at Pittsburgh, Pennsylvania, this 15th day of June, 1982, that the minimum premium payments having due date of January 1, 1983 or thereafter, be as follows: $ 5.00 or under Said notice to be published in the next issue (Summer) of the official publication. 41) The National President submitted his report to the Board of Directors. The Board acknowledged Mr. Elmer Charles' report with sincere thanks and appreciation. 42) The Board of Directors acknowledged receipt of a letter from Mr. John Pellerito requesting the formation of a new branch in the Eastern suburbs of Detroit, Michigan. This request was referred to the Executive Committee. 43) Letters of thanks were acknowledged by the Board of Directors from the following: Hungarian Catholic League of America, Inc. Mr. & Mrs. Jeff Ward Audrey Emri 44) Chairman Charles expressed his sincere thanks and appreciation for the wholehearted co-operation we exercised during the meeting. Many challenges were presented and discussed during the meeting. He was happy to receive a unanimous decision with regards to our new office site. He will see to it that our Association will have one of the nicest and finest Home Office's for which we will all be very proud. Mr. Charles stated he would continue to work diligently in order to find ways and means to develop Penn Scenic View which will meet with everyone's approval. Mr. Charles stated he is very happy to be able to serve the Association. He extends best wishes to everyone for a pleasant summer and vacation. The Chairman adjourned the meeting at 12:45 P.M. Annual Only Respectfully submitted, Frank J. Radvany Secretary of the Board ATTEST: Elmer Charles, National President and Chairman of the Board If Monthly Premium is: Over $20.00 $10.01 to $20.00 $ 5.01 to $10.00 Premium Payment Mode May Be: Annual, Semi-Annual, Quarterly or Monthly Annual, Semi-Annual or Quarterly Annual or Semi-Annual 24
