William Penn Life, 1990 (25. évfolyam, 2-10. szám)

1990-07-01 / 7. szám

Page 10, William Penn Life, July 1990 Excerpts from the Minutes of the Board of Directors Meeting held April 23-24-25,1990 in Pittsburgh, Pennsylvania MONDAY, APRIL 23,1990 • Chairman of the Board Joseph P. Arvay opened the meeting at 9:00 a.m. He welcomed the National Officers, Board of Directors, Advisory Board members and Auditing Committee members to the meeting. • Vice Chairman of the Board Stephen J. Ivancso Sr. led the members in the Pledge of Allegiance to the Flag of the United States of America. • National President E. E. Vargo offered the invocation. • Chairman Arvay welcomed the Auditing Committee members who were present for their semi-annual audit. He wished them a pleasant and fruitful deliberation. • Auditing Committee Chairman Louis A. Fodor greet­ed the official family. He thanked everyone for the help and condolences offered him and his family during their bereavement. He extended best wishes to the Board of Directors for good work and hoped the deliberations will be helpful to every member of the Association. • Secretary of the Board Emeritus Frank J. Radvany called the roll and the following were present: National President E. E. Vargo and National Secre­tary-Treasurer Frances A. Furedy. Directors: Chairman Joseph P. Arvay, Ronald S. Balia, William J. Bero, Elmer A. Furedy, Michael J. Hrabar, Vice Chairman Stephen J. Ivancso Sr., John S. Molnár, Vice Chairman Roger G. Nagy, Stephen J. Szatmári, Michael F. Tomcsak, Elmer W. Toth and Frank J. Wukovits Jr. Advisory Board members: Frank Bero, Stephen Danko, Frank J. Wukovits Sr. and Elmer Charles, President Emeritus. Frank J. Radvany, Secretary of the Board Emeritus. Emil W. Herman, Esq., General Counsel. Absent: National Vice President Zoltán B. Emri and Michael Hegedűs, Advisory Board member, due to illness. There being a quorum present, Chairman Arvay officially called the meeting to order. • The Board adopted a motion that the minutes of the Board of Directors meeting dated January 24, 1990 not be read. Necessary corrections to these minutes were made. • The Board adopted a motion to dispense with the reading of the minutes of the special Board of Directors meeting held February 25, 1990. • The Board adopted the agenda for the meeting as amended with the proviso that any matter properly belonging to the meeting may be added thereto. • Chairman Arvay commenced to review the minutes of the Executive Committee meetings held on March 22 and 23, 1990. • Director Molnár submitted his resignation from the Compensation Committee. • The Board adopted a motion to rescind Point #37 of the minutes of the Board of Directors meeting held on June 13, 1989, stating that the 1991 National Bowling Tournament be held in Detroit, Michigan. • It was moved and seconded that the 1991 National Bowling Tournament be held in Pittsburgh, Pennsyl­vania. It was moved and seconded to amend this motion and hold the 1991 National Bowling Tournament in South Bend, Indiana. The Board rejected this amendment. The Chairman then called for a vote on the original motion for the Tournament to be held in Pittsburgh. The Board adopted the motion. • The Board acknowledged the minutes of the Executive Committee meetings held on March 22 and 23, 1990. • National President Vargo commenced to review his report to the Board. • The Board unanimously adopted a motion that the contract with John Robertson &. Associates be termi­nated as of June 30, 1990. • The Board adopted a motion to obtain a current appraisal on the value of the Association’s Florida property. • Discussion ensued on Penn’s Scenic View. • The Board adopted a motion that the Association make a video of all the buildings and their contents at Penn’s Scenic View to be kept on file and used in case of liability loss. • The Board adopted a motion that the Directors’ cabin at Penn’s Scenic View be rented out during the peak season in order to acquire additional revenue. The only stipulation would be that the cabin not rented to more than two (2) couples or four (4) people, and there would be no children allowed. • The Board adopted a motion that all Association sales literature shall not contain names or pictures of any National Officer or member of the Board of Directors, and that all literature shall be produced in such a manner as to avoid obsolescence due to changes in personnel. Further, that quantities shall be limited to that which would reasonably be used in a twelve-month period based on past usage. Reply cards may contain names. • Director Furedy submitted a report of the William Penn Home Committee meetings held on April 7 and 8, 1990. • The Board adopted a motion authorizing Paul T. Kovács, administrator of the William Penn Home in Wellsburg, to increase room rates at the Home effective July 1, 1990. • Director Furedy also reported there were items at the William Penn Home that needed immediate attention. • The Board adopted a motion authorizing the repairs at a cost not to exceed $15,000.00. • The Board adopted a motion that mylars be made of existing blue prints at the William Penn Home. Originals to be kept at the Home Office and a copy at the William Penn Home. • President Emeritus Elmer Charles expressed sincere thanks and appreciation for the prayers and best wishes extended to him during his recent illness. • The Board acknowledged the report of the National President with sincere thanks and appreciation. • Director Wukovits read the report of Paul T. Kovács, administrator of the William Penn Home. • The Board adopted the following resolution pertain­ing to Director Ivancso: BE IT RESOLVED that with the pending retire­ment of Director Stephen J. Ivancso, Sr. in August 1990, that a vacancy shall exist on the Board of Directors of the William Penn Association; and BE IT FURTHER RESOLVED that provisions are not provided in the By-Laws for calling up the next director in line from the alternate directors list because the next two people are tied at 78 votes each; and BE IT FURTHER RESOLVED that the method of selecting the person to be Director shall be by nomination and election by a majority of the members of the Board of Directors; and BE IT FURTHER RESOLVED that the person elected be invited to attend the next Board of Directors meeting to be held July 23-25, 1990. • Director Nagy placed in nomination a person who has been active in the William Penn Association for many years. He has served as an officer of Branch 13 Trenton, New Jersey and as branch treasurer for 15 years. He is a graduate of Trenton High School and Tulsa University with a Bachelor of Science degree in Mechanical Engineering. He resides in Crosswicks, New Jersey with his wife Margarite and their three children. He is employed by IMO Industries, Inc. as an engineer. He is chief elder of the Hungarian Reformed Church of America, Trenton, New Jersey and president of the American Hungarian Presbyters Association. It was with great pleasure that the name of Anthony C. Beke was placed in nomination for Director. Director Toth second the nomination, and the Board unanimously elected Alternate Director Anthony C. Beke as Director of the William Penn Association. • National Secretary-Treasurer Frances A. Furedy sub­mitted her report to the Board. • Following a discussion of the National Secretary- Treasurer’s report, the Board acknowledged her report with sincere thanks and appreciation. • Chairman Arvay recessed the meeting until 9:00 a.m. Tuesday. TUESDAY, APRIL 24,1990_______________ Chairman Arvay reconvened the meeting at 9:00 a.m. and same are present. • Secretary of the Board Emeritus Radvany read the minutes of Monday’s meeting and the Board unanimous­ly accepted same as read. • The Board adopted the following motion: RESOLVED that the President is hereby author­ized and directed to execute a written consent in lieu of the annual meeting of shareholders of Computer Specialties Corporation containing the following resolution. NOW, THEREFORE, BE IT RESOLVED that the following persons are hereby elected as Direc­tors of Computer Specialties Corporation to serve as Directors until their successors are chosen and qualified: E. E. Vargo, Frances A. Furedy, Elmer A. Furedy, John Sabo, Gus G. Nagy, John L. Lovász and Anthony Waskiewicz. • The Board adopted a motion electing Director Tomcsak to the Compensation Committee. • Chairman Arvay introduced Mr. Robert E. Bruce, actuary for the William Penn Association, and welcomed him to the meeting. • Mr. Bruce commenced to review his actuarial report to the Board. • The Board acknowledged the actuarial report with sincere thanks and appreciation. • Chairman Arvay recessed the meeting until 9:30 a.m. Wednesday. WEDNESDAY, APRIL 25,1990______________ Chairman Arvay reconvened the meeting at 9:30 a.m. and same are present. • Secretary of the Board Emeritus Radvany read the minutes of Tuesday’s meeting and the Board unanimous­ly accepted same as read. • The Board adopted the following resolution: BE IT RESOLVED that, in light of the extensive work that is to take place at Penn’s Scenic View and the desire of the Board of Directors to have the work done to comply with the state code and to secure a certificate of occupancy, Director Furedy be named Clerk of the works to oversee the entire project. • Director Toth submitted a verbal report on Penn’s Scenic View. • Advisory Board member Frank J. Wukovits, Sr. expressed his thanks and appreciation for the honor bestowed upon him during the dinner last evening. Several members who were present extended kind remarks and birthday wishes to Mr. Wukovits. • There being no further business, Chairman Arvay adjourned the meeting and wished everyone a safe journey home. Respectfully submitted by Frank J. Radvany Secretary of the Board Emeritus

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