ZajednicÌŒar = Fraternalist. [volume] (Allegheny, Pa.) 1894-current, 1954-10-06
At Soy Board Held

ter Niksc seconded this condemnation
The Chairman, brother Vranes submitted the counter
motion to VOTE and the recommendation of the Supreme
Secretary approved to votes.
Bella - At this time, must decide regarding prepa-
ration and printing of the Convention Report Formerly
that report prepared by Certified Public Accountants
which could be arranged at the present time well.
Mandch explained how this can be done and sug-
gested that would be best to refer this to the Executive
After short discussion, brother Mandichs recommen-
dation was adopted.
Bella - With respect to interest In previous years.
the interest statement based the mortuary sick ben
ett disability and operation funds required by law,
whereas in the year 1853 the method changed by the
states taking into consideration all Therefore, the
Executive Board directed that interest credited to all
funds The state examiners of the opinion that
bylaws not sufficiently clear permit the Executive
Board to effect such transfer of interest.
Therefore, said brother Bella the Supreme Board could
make its decision in the matter and the next Convention
could adopt an amendment to the bylaws The Supreme
Secretary read the text of decision of the Board
There followed discussion the subject with brother
Mandch explaining why is necessary for the Supreme
Board to decide the matter
Borich moved that this recommendation of brother
and approved unanimously.
This concluded the discussion report of the su
Sister Nksic moved that the report be accepted which
Ovcarich had particular recommendation regarding
his report but asked for Qualification of matter with
reference to payment of sick benefits under Class c.
Bella Explained that for annual statement purposes
all three classes of sick benefits considered as one fund
The accounts kept separate only for nforma
insurance in the Union.
Goretta - Understood there fact three separate
funds and explained how worked before Brother
Belanic was of the same opinion
kraslch made comparison with the mortuary fund.-
regardless of the amount for which member is insured or
the type of certificate held payments made of
fund
Mandch also explained that the amounts in this fund
are set up so as to show the standing of all classes combined
Nikoac moved, Beanic seconded, for the adoption Of
such procedure, which carried without opposition
Sister Niksic made motion that the report submitted
brother Skrtic and carried unanimously
The report of the Supreme Treasurer taken up
Krasch - do not have ony special recommendations
to make but would like to submit for approval increase
the fee for investment supervision Moodys Moodys
requested increase from $4,000 to So 700 last spring.
the matter referred for this meeting of the Supreme
Board
Mandch advised that have offers from two other
similar firms for lower fees but it his opinion thy this
firm is the best and recommended that stay with pt
Goretta, Beanc and Nikoac in favor of sering
$35OOOO Brother Verbanic also spoke in that vein
Krasch explained at length the Importance of the fl
nanca aspects of the Society and its connections with this
firm and the services rendered by it to the Supreme Teasu
rer and the Finance Committee. He again recommended
that the increase requested be allowed He made motion
to that effect which seconded by brother Manch and
approved that beginning January l. 1855 fee of
$3 700 per annum be paid to Moodys for it's services
1t being late in the afternoon the Chairman brother
Vranes adjourned the meeting with request resump-
ton the following morning
Philip VuAelich