ZajednicÌŒar = Fraternalist. [volume] (Allegheny, Pa.) 1894-current, 1957-04-10
Supreme President on State of Union

rive from the Pennsylvania law relating to fraterna
passed in September 1855 by the House of Legislature at
Harrisburg.
You will recall that during the Philadelphia Conven-
ton the Insurance Commissioner of the Commonwealth of
Pennsylvania the Honorable Francis R. Smith, announced
that the Governor had signed law which will permit fra
tema organizations to part of the mortuary surplus
for administration expenses providing the sovency of the
organization is 1000 higher
The Croatian Fraterna Unions solvency, from the
time of the convention on is 1O8%a. Accordingly,
the law enables to transfer from the mortuary
surplus fund certain for administration expenses,
which have been growing larger from year to year and
exceed the income in that fund.
The principle behind this law u.s. chiefly to permit the
transfer of funds from pocket in which there is too
much to another pocket which there is little Up
until the time that this law allowed this relief
quired in accordance with bylaws we'll the law
to return any existing surplus to the membership in the
form of dividends and to make up any deficit in the admin
istration fund by charging special assessment.
The main reason why cannot the dsburse-
ments in the administration fund with the normal receipts
because the members contributing the admins
traton expense fund the amount of % cents per
month they did back in 1889 The salaries of the admin
stratve officers and office have increased 100
The expenses of printing the official organ have increased
5000 since that time due to the rise in the cost of
print and the increase in all expenses connected with pub
lication.
In past years, members always paid special as
to meet the cost of conventions In 1851
established special convention account in ad-
mnistratiOn fund.- into which transferred certain
each for convention expenses. The expenses
of Ninth Convention amounted to close to 18O thou
sand dollars No special assessment charged for the
expenses of the last convention
With your approval, have already transferred into
the administration fund and earmarked for the tenth
venon expenses the of 70 thousand dollars. At the
end of this year and next year, will transfer another
70 thousand dollars to this account that by the time
the tenth convention around in 1859 will have
available the of 40 thousand dollars and accrued in
terest for the expenses of the convention
This amount will perhaps not be sufficient to all
tenth convention expenses but in event of shortage
will have the backing of the Pennsylvania law which per-
mts the making up of deficit by transfer from another
fund We will do that rather than levy special assessment
the members for in the final analysis all of the funds
and all of surpuses in the funds belong to the members
of the Society.
At the last meeting of this Board in September
you authorized transfer the mortuary surplus
into the administration fund of a up to $50 of total
dues received in the past year. necessary peases
to report to you and to membership that for the
past year we transferred only 2% of the permitted
amount, and that our administration fund is now in
just good condition as it was January 1, 1885,
Under the ESQ., table of contributions receive
annually greater percentage in the administration fund
from the mortuary contributions than under the old tables
for which believe that in the very future
the moruary fund surplus into the administration fund.- in
order all disbursements from the administration
fund.
Regarding Our New Certificates
Under the bylaws beginning December t. 1855,
every applicant for membership in the Union insured
according to the Commissioners Standard Ordinary
Table of Mortality $50 basis In addition to MEMBERS
who accepted only the table, every increase in
life insurance by old member is issued the ESQ
table,
In accordance with Section 49a of the bylaws, which
give the Supreme Board authority to introduce plans
of life Insurance. you the last session of the Board auth
orzed the Executive Board to prepare plan for the is
suance of Single Premium Life Insurance Certificate In
agreement with Actuary plan prepared for that
kind of insurance, and already prepared to
accept applications for this type of insurance in the Senior
and Junior Order.
BY properly explaining this kind of insurance,
will succeed in giving present members and new
applicants still privilege which they can OBJ
tain from other Slavic fraterna organization We
therefore, again first among the first in compe
ton with the largest insurance societies to offer
members-at lower price and better terms-every-
thing that they obtain from commercial insurance
companies
We now have ready manual for adult member
n ~s-1@-