ZajednicÌŒar = Fraternalist. [volume] (Allegheny, Pa.) 1894-current, 1955-06-01

submit the Convention for decision proposed By
Laws taken for consideration.
Bro. Bella - AS the Supreme Secretary then COM
tanning to the BYLAWS are Of official nature the recording
secretary should that these minutes will be very short
think (stated bro. Skrtic) that it will not be amiss
if make remarks which my personal remarks,
in order that may be able to form picture for men,
bershp of what happening this meeting of the Supreme
Board In the first place bro Bella the Supreme Secre
tary has before him large box about IS 10 inches and
inches deep which is full of paper which the new
plan for Bylaws. Not only Bylaws printed,
but also changes and explanations why certain sections
have been changed and the letters of different Insurance
Departments official letters from various states in which
Society is doing its business Some ask for certain
changes others that the proposed changes be
accepted and that it will help in carrying on our business
and will simplify the conduct of the same.
am wondering and asking myself: How much time has
all this taken that all this is reshaped and prepared in or
of the Supreme Board? Just at this moment while am
writing these minutes serious discussion is taking place
in regard to the question of referendum Looking obec
lively from impartial standpoint must admit that the
whole Supreme Board has discussed anything grave
and seriously and with much love and enthusiasm
is discussing today the old Bylaws changes the
and the proposed new Bylaws.
In regard to all work which dedicated to the new
Bylaws we, Supreme Board members, and if all our
members could be given the opportunity to see it, they too
would say: Well Done,
At 1890 o'clock before noon, Mr.. Robert Bruce Jr,
the representative of actuarial firm of Harey Bruce
and Associates, to the meeting of the Supreme Board
After he conveyed the greetings of his father who
the President of said firm and whom he excused for not
being able to here because of other pressing work
New York he said that he will try to do his best to give
us the best explanations and advise as best he can
Bro. Bella - Commenced with the explanation how we
have been convinced about the wonderful status of
funds especially the Surplus Fund and asked whether it
would be possible to increase dividends to the de-
gree tt, they were 6 to years ago. .a
condition. which could be ascrbed to the favorable cond
tons under which bonds purchased which gives
very nice picture of the Financial Committee Tin this
the Executive Board, and then of very low mortality of
our members and also of conservative management of the
Goretta - Asked whether it may not be too big
step all at we restore the dividends to the same
would not already in the years 1856 1857 go back and
decrease the dividends which would not be favoraby
ceived by membership
Mr.. Bruce - Answered that no one declares dvi-
dends the basis from to year but that dvi-
dends are declared on the basis Of profits made during
be certain that for the next five the dividends be
increased to the degree which they before except
in of special unfoseen mortality of the membership
such influenza or other pdemcs over which neither
nor you have any control
Bro Nkoac - Asked whether this increased dividend
will have any influence sovency?
! Mr. Bruce - Answered simply - NO!
Bro Krascl - Thinks that Mr. Bruce has very nicely
explained everything concerning the increase of dividends
and also thinks that should accept this plan
mended in the plan of Supreme Secretary.
Bro Vranes - Made a motion, seconded by bro Niko-
lac that dividends restored to the degree which
they were or years ago. The motion was unanimously
. accepted.
Next in order the question of Graded Death Ben
efts' on Term Certificates of the Junior Order.
| Bro Grasha - Explained how in the past year we
placed all of this sort of nsuances in the Junior Order on
ESQ schedule except Term certificates and requests Mr.
Bruce to explain to the conditions under which could
eliminate this graduation Of certificates.
Mr. Bruce - Explained that Surplus Fund in this
Department is in good standing and said that would be
necessary transfer the amount of 100000 from the
Surplus Fund to the Reserve Fund if desire to place all
certificates in force the plan of business.
Bro Bella - Thinks that it may be better to keep in
force the Graded Death Benefits but only the groups of
$1OOOO in order that may neglect other kinds of
our assurances.
Bro Nilolac - Said that he thinks that different
plans should be prepared with Graded Benefits
planned by bro Bella and the other explained by bro
Grasha that is to completely eliminate Graded Death Ben
efts and then we will make decision accordingly.
Goretta Belanic, Niksic, Verbanc Skrtc Grasha and
Arch took part in the discussion and put questions to
Mr. Bruce and found that the plan would not be
any expensive and that the monthly dues would be
the though may be forced to decrease the
waving of five monthly assessments doing
maybe to months but Mr. Bruce stated that this
is such small amount of payment for such large gain
brought about by this change that should complain
Bro Verbanic - Made motion, seconded by sister
Nksi that the matter be left to the Executive Board to
draw up plan together with the Actuary according to
which the Graded Death Benefits Term certificates of
the Junior Order would be eliminated The motion
cepted by majority vote.
Bro Ovcarich - Explained how years and years ago
necessary to place sick benefits the plan
according which the insured members receive only for
dave of The 9TH