Page 9 - November-December1965

Nov.-Dec., 1965 NATIONAL BU'TTON BULLETIN 255

BOARD OF DIR,ECTOES MINUTES OF TIIE FIN,ST MEETING
meeting of the Board of Directors of the National Button Society was held
-A
on wednesday, october 6, 1965 in the John Adams Room of the New irampshire
IIiShwaV Hotel, Concord, N.H., the president, Mrs. Glen E. Toalson, preiiding.
the meeting was called to order at g:40 p.M.
Present were Mrs. Glen E. Toalson, Mrs. Edith A. Rodway, Miss Adah C.
Bennett, Mrs. S. James Leahy, Miss Helen Morton, Mrs. Leonard-G. Holman, Mrs.
I(enneth Lydecker and Mrs. Robert McCreight, Jr.
Mrs. rJydecker moved that the reading of the minutes of the 1964 Board
Mgetings be dispensed with, the minutes having been printed in the November
1964 NAfioNAL BrrrroN BTTLLEIIN. The motion was seconded by Mrs. Leahy,
a,nd carried.
fn the absence of the lteasurer, I\[r. paul J. pierce, the secretary read the
report showing t'he fina,rrcial pqsition of ttre National Button society as at
September 22, L965, the batance in the general fund being $2,160.04.
Miss Bennett moved that appropriations for the Junior and shut-rn Divisions
for 1966 be as follows: Junior Division-9b0.00; Shut-In Division, g28.00. The
motion was seconded by Mrs. Rodway and carried.
Mrs. Lydecker moved that the National Button society renew the bonds cover-
ing the Treasurer and Secretary, coverage for the T?easurer not to exceed
$10'000.00 and a minimum bond for the secretary. The motion was seconded
by Miss Morton, and carried.
Mr. I€onard G. Holman, Chairman of the Auditing Committee, joined the
meeting et 4:00 P.M. Mr. Holman suggested that the Boaid consider the following
questions which had risen during the annual audit: 1. Special Awards-how
accounted for; 2. rnterest on the Life !\rnd; 3. service charge on the bank account.
lvtr. Holman left the meeting at 4:30 p.M.
There fouowed a discussion of the points brought up by Mr. Holman. Mrs.
Toalson reported that the matter of the procedure of handling of the special
Award Funds had been put to Judge pendleton, Chairman of the Board, Uy Uiss
Ann B. Wilson, Chairman of the Special Awards. A copy of Judge pendieton,s
reply to Miss Wilson was read to the Board. For future ieference, a copy of this
letter in on flle with the secretary. Mrs. Toalson reported that the Special
Awards FUnds are now on deposit with the Union State Bank, Clinton, Mo. with
no service charge, and that Miss Ann B. Wilson and IWrs. A. Menagh Wilson
are authorized to sign checks. Miss Bennett moved that Mrs. Toalson be author-
ized to sigD checks on this a,ccount in case of emergency. Ttre motion was seconded
by Mrs. Rodway, and carried.
Miss Bennett moved that until otherwise ordered by the Board of Directors,
the interest generated by the Life Fund shall be placed in the general operating
expenses of the National Button Society. T'lxe motion was seconded by Mrs.
Rodway, and carried.
A motion was made by Miss Bennett that Mr. Robert Hill, Show Manager,
be given $250.00 for services in connection with the 196b Show. The motion was
seconded by lfrs. Leahy, and carried.
The secretary read a letter from Mrs. Iois B. Walter, Corresponding Secretary
oJ the Pennsylvania state Button society, wherein that organization invited
the National Button society to hold the Annual Meeting in philadelphia or in the
greater Philadelphia area in 196? or 1968. Mrs. Flodway reported that she had
started investigation of possible sites but that further consideration would be
necessary before any commitment could be made.
Miss Morton moved ttrat, in the absence of the Thea.surer, the kesidenL, MIrs.
Toalson, be empowered with euthority to receive and handle all show funds; crith