William Penn Life, 1983 (18. évfolyam, 1-4. szám)

1983-04-01 / 2. szám

for approval by the Convention Delegates through a mail referendum as provided by the By-Laws. Following a roll call vote, there were 18 ayes, 0 nayes and Director Sabo abstained from voting. The Resolution was therefore adopted by the Board of Directors of the William Penn Association. 25) Chairman Charles thanked the Merger Committee, Actuary Robert E. Bruce and General Counsel, Gay B. Banes for the fine effort they put forth in the develop­ment and preparation of the Merger Agreement. 26) Mr. Charles next introduced Mr. Louis Miller, who will make a presentation to the Board of Direc­tors, on a parcel of land near Lakeland, Florida. 27) Mr. Miller thanked the Board for the opportunity to make this presentation. Mr. Miller offered a parcel of land approximately four miles from Lakeland, Florida, con­sisting of 875 acres. This is a prime area for development fronted by two highways. The land has water and sewer facilities. The land is suitable for immediate development. Mr. Miller was quite enthused about this parcel of land which he feels would be very beneficial to the William Penn Association and its members. 28) Director Sabo moved that National President Charles appoint a Committee to investigate the possibility of forming a subsidiary real estate corporation for one million dollars and the possibility of developing this property in Florida. The Committee should consist of Directors William Kohut and Frank Bero, who are real estate brokers. This Committee should proceed to visit this site and the Committee report back to the Executive Com­mittee and the Board. Director Kohut seconded this motion and the Board adopted same. 29) Director Stelkovics read the Interpretation of By-Laws (Member­ship on Advisory Board) rendered by General Counsel, Gay B. Banes. Following a lengthy discussion of this topic, it was moved, seconded and the Board accepted the legal opinion of General Counsel on his in­terpretation on the Advisory Board. The Board further requested a clarification as to when a term of of­fice will end. 30) It was moved, seconded and the Board adopted and it is under­stood that a Board Member, who retires from the Board, his term will expire upon the installation of his successor. 31) It was moved, seconded and adopted by the Board, that the By- Law Committee consider all rights and fringe benefits for members of the Advisory Board. 32) It was moved, seconded and authorized by the Board that Direc­tor Stelkovics be added to the By- Law Committee. 33) Sales Consultant, Richard Smith, submitted his report on the Field Operation. FHis report for pro­duction during 1982 and for January to March 1 5, 1983, was very impressive. The Career Agents were to be commended for the fine production they are showing. The Board also commended Mr. Smith for his fine report and efforts in developing a good sales force. The Board acknowledged Mr. Smith's report with sincere thanks and apprecia­tion. 34) It was moved, seconded and the Board authorized the Officers to prepare and implement a fringe benefit program for the Career Agents as soon as possible. 35) The Board of Directors ratified the action of the Executive Committee on Point 9, Page 6, Ex­ecutive Committee Minutes dated March 2, 1983, pertaining to in­terest to remain the same in the 2nd quarter at 11%. 36) The Board of Directors ratified the action of the Executive Committee on Point 10, Page 6, Ex­ecutive Committee Minutes dated March 2, 1983, pertaining to pen­sion refund deposit for three employees. 37) The Board further ratified the action of the Executive Committee in Point 1 1, Page 6, Executive Com­mittee Minutes dated March 2, 1983, pertaining to over 65 Blue Cross coverages. 38) The Board ratified the action of the Executive Committee on Point 12, Page 7, Executive Committee Minutes dated March 2, 1983, per­taining to Major Medical Coverage to Directors and Auditors. 39) It was moved, seconded and the Board adopted that Point 1 1, Page 6, Executive Committee Minutes dated March 2, 1983, will also apply to members of the Ad­visory Board. 40) It was moved, seconded and the Board of Directors adopted Point 15, Page 8, Executive Committee Minutes dated March 3, 1983 and the Executive Committee Minutes dated March 13, 1983, pertaining to the Sales Consulting Agreement with Mr. Richard Smith. 41) Chairman Charles presented a salary schedule for home office employees for 1 983. It was moved, seconded and the Board of Directors authorized an average of 5% salary increase, as per schedule presented, effective April 1, 1 983, to the Flome Office employees. 42) Chairman Charles recessed the meeting at 5:30 P.M. until 9:00 A.M. Wednesday, March 16, 1983. 43) Chairman Charles recon­vened the meeting at 9:00 A.M. and same are present. Also present was Mr. Elmer Toth, Alternate Director. 44) Secretary of the Board, Frank J. Radvany, read the Minutes of Monday and Tuesday's Board Meeting. It was moved, seconded and the Board accepted these Minutes as corrected. 45) It was moved, seconded and the Board approved Point 24, Page 1 1, Executive Committee Minutes dated March 3, 1983, pertaining to 1 980 CSO, Table of Mortality. 46) It was moved, seconded and the Board authorized the National Officers to investigate the feasibility of procuring a liability insurance policy to protect National Officers, Board of Directors and Auditing Committee Members against civil suits. 47) It was moved, seconded and the Board authorized Branch 18, Detroit Michigan to design and pro­cure emblems which may be worn on sports jackets by members of Branch 1 8. 48) The Board of Directors authorized the Bowling Tournament Administrator to designate officers and board members ot make certain presentations at the Bowling Tour­nament and Scholarship Days. 50) It was moved, seconded and the Board authorized the Executive Committee to review the 1983 Budget and implement same. 51) It was moved, seconded and the Board accepted the Report of the National President with thanks and appreciation. 52) Secretary-Treasurer, Gus G. Nagy, submitted a final report on the 1982 Bowling Tournament held in Cleveland, Ohio. The net cost of this 27

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