ALLELY FAMILY MEMORIAL MEDICAL SCHOLARSHIP
1. Name
This scholarship shall be known as the Allely Family Memorial Medical Scholarshjp.
2. Money
The funds for this scholarship shall be deposited in the First National Bank Northeast in the Tekamah-Herman Public School Foundation under the name Allely Scholarship.
3. Control
This scholarship shall be controlled by a Committee composed of a member of the Allely family, an officer of the First National Bank Northeast, a member of the Administrative Board of the United Methodist Church of Tekamah, the principal and academic counselor of Tekamah-Herman High School.
4. Amount
The amount of the scholarship will be 96% of the previous yearly interest accumulated on the principal of the account listed as the Allely Scholarship and will be used for one (1) or more scholarship(s).
6. Selection
The principal of Tekamah-Herman High School will make recommendations regarding the applicants to the Committee who will select the recipient. This shall be done prior to the date of senior graduation exercises each year.
7. Disbursement
This scholarship shall be awarded at the beginning of the second semester.This normally will be in January. The check will be made payable to the student and to the post secondary school.
8. Changes
Any changes governing this scholarship will be made by the Committee.