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

1983-07-01 / 3. szám

Minutes . . .

(Continued from Page 29) the proviso that any matter properly belonging before this meeting may be added thereto during the course of this meeting.

6) It was further moved and adopted that the Board of Directors visit the Home Office of the Catholic Knights of St. George at 4:30 this date.

7) Director Albert J. Stelkovics read the Minutes of the Executive Committee Meeting dated June 9, 1983.

8) It was moved, seconded and adopted by the Board to accept the Minutes of the Executive Committee Meeting dated June 9, 1983, for further deliberation.

9) Director Albert J. Stelkovics commenced to read the proposed By-Laws which will be presented at the forthcoming General Convention.

10) General Counsel, Gay B. Banes, submitted a written legal opinion with reference to membership on the Advisory Board. It was moved, seconded and adopted by the Board that any National Officer or Board of Director must announce at the National Convention prior to the nominations, that he will not be a candidate for an office in order to be eligible to become a member of the Advisory Board.

11) It was moved, seconded and the Board of Directors adopted the following resolution pertaining to eligible membership to the Advisory Board by Gus G. Nagy, John T. Lesko and Paul Molocko.

RESOLUTION

RESOLVED BY THE BOARD OF DIRECTORS in regular meeting assembled that the Association's By-Laws under Chapter IV, Board of Directors, Section 2, establishes an Advisory Board consisting of Directors who were re-elected at the 29th General Convention and retire during their term of office and,

WHEREAS, General Counsel Banes prepared an opinion approved and adopted by the Board that exofficio Board Members, including Elmer Charles, National President; Louis Varga and John P. Balia, National Vice-Presidents; Albert J. Stelkovics, retired National Secretary, are all eligible to become members of the Advisory Board, together with other Board Members, prior to the expiration of their terms of office and.

WHEREAS, John T. Lesko and Paul Molocko are members of the Board by virtue of the Merger contract between William Penn and American Life Insurance Association; Gus G. Nagy, as National Secretary-Treasurer, is also a member of the Board by virtue of his office.

NOW THEREFORE BE IT RESOLVED BY THE BOARD that John T. Lesko, Paul Molocko and Gus G. Nagy have rendered distinguished service to the Association and are presently Board Members and believe that they should also be eligible to become Advisory Board Members.

RESOLVED FURTHER that the Board does recommend to the convention the adoption of a Resolution authorizing John T. Lesko, Paul Molocko and Gus Nagy, eligible to become Advisory Board Members under the same terms and conditions set forth under Section 2 of the By- Laws above enumerated with all the rights and privileges established in the By-Laws and by this Convention.

ADOPTED this __________day of

____________ 1983.

12) Following a lengthy discussion of the proposed By-Laws, it was moved, seconded and the Board accepted the legal opinion of General Counsel Banes regarding waiver of By-Laws and the Board agrees to abide by its present By-Laws for the election of National Officers, Board of Directors and Auditing Committee members at the forthcoming General Convention.

1 3) It was moved, seconded that the Board of Directors reaffirms the fact that there is no age limitation placed on election of National Officers, Board of Directors and Auditing Committee members for the forthcoming General Convention. This motion was defeated by the Board of Directors.

14) The Board engaged in a lengthy discussion on Point 303, Page 1 6, proposed By-Laws — Retirement of Officers and Directors.

It was moved, seconded and adopted by the Board that General Counsel rewrite this paragraph and submit same to the Board for consideration.

15) Chairman Charles recessed the meeting at 4:30 P.M. until 10:00 A.M. Tuesday at Penn Scenic View.

16) Chairman Charles reconvened the meeting at 10:45 A.M. at

Penn Scenic View, Somerset County Pennsylvania and same are present.

17) Secretary of the Board, Frank J. Radvany, read the Minutes of Monday's meeting. It was moved, seconded and the Board accepted the Minutes as corrected.

18) Director Albert J. Stelkovics continued to read the proposed By- Laws page by page and the Directors reviewed and discussed same.

1 9) It was moved, seconded and adopted by the Board that Point 310

— Meetings of Board of Directors — Page 20, Proposed By-Laws read as follows:

The Board of Directors shall meet tri-annually in regular session at the Home Office or at a place designated by the Board for no more than three days, etc., etc.

20) It was moved, seconded and adopted by the Board that Point 308

— Committees — Page 19 — Proposed By-Laws,

.2 changed to read as follows:

The Executive Committee shall meet at the call of the President or Chairman of the Board.

21) It was moved, seconded and the Board authorized that the following be deleted from Point 403 — Office of National President — Page 21, Proposed By-Laws, Paragraph 3-"No person shall be employed hereafter, on a full time basis, by the Association who bears a relationship either by affinity or consanguinity to any elected or appointed Officer of the Association unless authorized by the Board of Directors. "

22) It was moved, seconded and the Board authorized that the following be changed to read:

Point 501 — Home Office, Page 29 — Proposed By-Laws, Paragraph (b) — Limitations,

No Officer or Employee shall have any authority expressed or implied to obligate the Association or to sign or execute any contract or document which requires the Association to pay a consideration or has a value in excess of Five Thousand ($5,000.00) Dollars without prior authorization by the Board of Directors, Executive Committee or Administrative Committee.

23) The entire of Board of Directors concluded the review and discussion of the Proposed By-Laws, point by point and page by page. Certain points were corrected,

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