§ C10-2Clarence P. Bradley Trust.
§ C10-3Francis T. Maloney Scholarship.
The City Council of the City of Meriden shall designate a bank or trust company as trustee to administer the bequest of $50,000 to the City of Meriden under the will of Clarence P. Bradley. Said trustee shall make an annual report of the condition, receipts and disbursements of said fund to the City Council and to the Probate Court for the district of Meriden.
The City of Meriden is authorized to establish an annual four-year scholarship for a Meriden boy or girl who is eligible for a college education, the college to be chosen by the recipient of such scholarship, such scholarship to be in memory of United States Senator Francis T. Maloney and to be known as the "Francis T. Maloney Scholarship."
The City Council shall appoint a committee of five members, to be known as the "Francis T. Maloney Scholarship Committee" which shall select each year the boy or girl who is to receive such scholarship. It is further provided that those Committee members who are serving on the Committee upon the effective date of this Charter shall retain their positions for the terms to which they were appointed, and, upon the expiration thereof, the City Council shall appoint a successor to serve for a term of three years. Any vacancy in such Committee shall be filled by appointment by the City Council.
The City of Meriden, in a manner not inconsistent with this Charter, is authorized to appropriate such sums of money, on an annual basis, as it may deem advisable.