William Penn Life, 1986 (21. évfolyam, 1-6. szám)

1986-11-01 / 6. szám

Board of Directors declared a vacancy in the position of Fraternal Director. William Penn Life, November-December 1986, Page 15 Excerpts From The Minutes Of The Board Of Directors Meeting Held August 18-19-20-21,1986 In Pittsburgh, Pennsylvania — Continued from previous page The Board received and recorded his letter with sincere thanks and appreciation. Extension of Centennial Juvenile Policy -IT WAS MOVED, SECONDED AND AUTH­ORIZED BY THE BOARD OF DIRECTORS THAT THE CENTENNIAL JUVENILE POL­ICY, WHICH OFFERS THE TWO-FOR-ONE COVERAGE, BE EXTENDED THROUGH DECEMBER 31, 1987. Deferred Compensation Plan Interest Rate -IT WAS MOVED, SECONDED AND THE BOARD RESCINDED THE ACTION OF THE EXECUTIVE COMMITTEE IN ESTAB­LISHING THE INTEREST RATE FOR THE DEFERRED COMPENSATION PLAN. THE BOARD AUTHORIZED AN INTEREST RATE FOR THE DEFERRED COMPENSA­TION PLAN TO BE THE SAME AS FOR THE ANNUITY PLANS. Indemnification of National Officers and Directors -IT WAS MOVED, SECONDED AND ADOPT­ED THAT THE WILLIAM PENN ASSOCIA­TION WILL INDEMNIFY THE DIRECTORS AND NATIONAL OFFICERS TO THE EX­TENT NOT COVERED BY THE DIRECTORS AND OFFICERS LIABILITY INSURANCE POLICY. Camp Rolling Hills Program -IT WAS MOVED, SECONDED AND AUTH­ORIZED BY THE BOARD OF DIRECTORS THATTHE WILLIAM PENN ASSOCIATION DEVELOP SOME TYPE OF CAMPING PRO­GRAM FOR YOUTH AT CAMP ROLLING HILLS. Report of Executive Vice President Kenawell Acknowledged - The Board of Directors received and recorded the report of Executive Vice President Kenawell with sincere thanks and appreciation. WEDNESDAY, AUGUST 20,1986 Minutes/Tuesday Meeting - Secretary of the Board Frank J. Radvany read the Minutes of Tuesday’s meeting. It was moved, seconded and the Board accepted same as read. Employment of Clerk in Treasury Department -The Board of Directors authorized the employment of a full-time clerk within two weeks to be assigned to the Treasury Department. Report of Assistant Treasurer Maitz - Mr. Fred Maitz, Assistant Treasurer, submitted his report to the Board of Directors. The Board received and recorded the report of the Assistant Treasurer. Report of Acting National Sales Director Wahl -Mr. Daniel R. Wahl, Acting National Sales Director, submitted his report to the Board of Directors. The Board ensued on a lengthy discussion of the Field Operation. The Board received and recorded Mr. Wahl’s report. Appointment of Executive Vice President to Oversee Field Operation -IT WAS MOVED, SECONDED AND THE BOARD OF DIRECTORS APPOINTED EXECUTIVE VICE PRESIDENT JOHN F. KENAWELL TO OVERSEE THE FIELD OPERATION. Report of Fraternal Director Tusai - Fraternal Director John A. Tusai submitted his report to the Board of Directors. The Board of Directors received and recorded his report. Vacancy of Office/Fraternal Director - A lengthy discussion ensued pertaining to the Fraternal Director’s Department. Following a discussion of this matter, it was moved, seconded and the It was further authorized that a job description be written for the position of Fraternal Director and advertise, seek applications and resumes for this position. The President was instructed by the Board to offer a position to Mr. Tusai for a salary not less than that prior to his appointment as Fraternal Director. Correspondence - The Board of Directors acknowledged letters from the following: Sylvia Toma, on her recent bereavement; Alexander J. Goydan, on golf tournament; Rev. Martin Hernady, St. Stephen’s Church; Rev. Imre Bertalan, President, Hungarian Reformed Federation of America. Investment Consultant Dealings with Various Brokers -IT WAS MOVED, SECONDED AND THE BOARD OF DIRECTORS AUTHORIZED THAT THE INVESTMENT CONSULTANT MAY NEGOTIATE AND DEAL THROUGH VARIOUS BROKERS WHEN RECOMMEND­ING FINANCIAL INVESTMENTS. Reduction of Interest Rates on 1980 Mortality Table -IT WAS MOVED, SECONDED AND THE BOARD AUTHORIZED THAT THE 1980 CSO MORTALITY TABLE INTEREST RATES FOR RESERVES BE REDUCED FROM 6% TO 5 1/2% COMMENCING JANUARY 1, 1987, AND 5% ON THOSE POLICIES WHERE IT DOES NOT EFFECT THE PREMIUM RATE. Monthly Official Publication -IT WAS MOVED, SECONDED AND THE BOARD OF DIRECTORS AUTHORIZED THAT THE OFFICIAL PUBLICATION OF THE WILLIAM PENN ASSOCIATION BE PUBLISHED MONTHLY WHEN THE MAN­AGING EDITOR DEEMS IT FEASIBLE. Thank You to World Hungarian Federation -IT WAS MOVED, SECONDED AND THE BOARD OF DIRECTORS ADOPTED A RESOLUTION THANKING THE WORLD HUNGARIAN FEDERATION FOR THEIR GRACIOUS GIFT OF HUNGARIAN ART WORKS FOR THE 100TH ANNIVERSARY CELEBRATION HELD IN PITTSBURGH, PA. Monies in Trust Accounts in Life Beneficiary Department -IT WAS MOVED, SECONDED AND THE BOARD AUTHORIZED THAT ALL MONIES HELD BY THE ASSOCIATION BUT NOT CONSTITUTING THE PROPERTY OFTHE ASSOCIATION, SUCH AS MONIES HELD FOR UNKNOWN BENEFICIARIES, SHALL BE HANDLED IN THE TRUST ACCOUNT OF THE LIFE BENEFIT DEPARTMENT. THURSDAY, AUGUST 21,1986 Minutes/Wednesday Meeting - Secretary of the Board Frank J. Radvany read the Minutes of Wednesday’s meeting. It was moved, seconded and the Board accepted same as corrected. Distinguished Service Degree - It was authorized by the Board that Albert J. Stelkovics, National Vice President, prepare a new list of names of candidates who would be eligible to receive the Distinguished Service Degree. Report on Penn Scenic View - Director William C. Kohut submitted his report on Penn Scenic View. The Board of Directors received and recorded his report with thanks and appreciation. Mount St. George Home Dues, Assessments -IT WAS MOVED, SECONDED AND THE BOARD AUTHORIZED THAT ALL MOUNT ST. GEORGE HOME DUES AND ASSESS­MENTS COLLECTED BE REINSTATED WITH THE COMPUTER PROGRAM. Publication of Excerpts of Board Minutes -IT WAS MOVED, SECONDED AND THE BOARD REQUESTED THAT EXCERPTS OF THE BOARD OF DIRECTORS MEET­INGS BE PUBLISHED IN THE OFFICIAL PUBLICATION. Development of Dance Groups - The Board of Directors requested the Administration Committee to explore and develop dance groups. Disbursement of Association Funds -IT WAS MOVED, SECONDED AND THE BOARD ADOPTED THAT TWO SIGNA­TURES BE REQUIRED IN THE DISBURSE­MENT OF ANY ASSOCIATION’S FUNDS. Report of Search Committee - President Emeritus Elmer Charles submitted a report of the Search Committee to the Board of Directors. Report of Golf Tournament - Directors Barbara Botkin submitted a report on the 1986 Golf Tournament held in Ligonier, Pa. The Board received and recorded her report and congratulated her on a fine job she performed in preparing for this event. 1987 Tour to Hungary - Director William C. Kohut requested the William Penn Association sponsor a tour to Hungary in 1987. There will be no cost to the Association for sponsoring the tour. All requests for participation of this tour should be referred to the Home Office. The Board requested Mr. Kohut to submit all details for this tour to Hungary for the Board’s consideration. Membership of Rákóczi Foundation, Inc. -IT WAS MOVED, SECONDED AND THE BOARD ADOPTED TO BECOME A MEM­BER OFTHE RÁKÓCZI FOUNDATION INC. Physical Exams for National Officers -IT WAS MOVED, SECONDED AND THE BOARD OF DIRECTORS REQUESTED THAT THE NATIONAL PRESIDENT, NA­TIONAL SECRETARY AND EXECUTIVE VICE PRESIDENT SUBMIT TO ANNUAL PHYSICAL EXAMINATIONS. Meeting Adjourned - There being no further business, Chairman of the Board Stephen G. Danko adjourned the meeting at 12:15 p.m. Respectfully submitted, FRANK J. RADVANY Secretary of the Board Official Notice Branch Officer Elections The By-Laws of the William Penn Association, Article VI, Section 606, provides that the election of Officers shall be held at the annual meeting in December. Elections shall be by secret ballot. Each adult life benefit member in good standing shall have one vote for each office. Elec­tions shall be by a majority of those present at the annual meeting. Officers elected at the annual meeting shall be installed immediately. All benefit members of the Association are cordially invited to attend their respective branch meetings, take an active part in the affairs of the branch and, if called upon to serve or assist, be willing to do this for the good of the branch, its members and the Association. With everyone cooperating, we can continue in the promotion of our heritage and culture along with supporting our benevo­lent, charitable and fraternal work. » We are counting on you! Official Notice Family Christmas Party The Board of Directors has once again authorized Family Christmas Party support for those branches which will hold such social functions. So that your branch may be among those to arrange a Christmas party, all members are urged to attend their branch meetings, thereby helping to formulate plans fora successful Family Christmas Party. We are soliciting your attendance and assistance to help increase our juvenile membership. Each parent, grandparent, aunt and uncle should see that all juvenile members of the family are members of the William Penn Association. This will enable us to continue the promotion of our juvenile programs and ensure more successful and enjoyable family activities. We are counting on you!

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