The purpose of the fund is to provide one or more annual scholarships to Argos High School seniors. To be eligible, an applicant must not only be an attendee for at least two complete years at the Argos High School but be a graduate of that high school. The applicant must be a resident of Green or Walnut Township, be of good repute and character, and have some financial need. In selection both quality and quantity of the following factors shall be considered:
1. High school academic program
2. School activities (including service or the Argos Dollars for Scholars)
3. Community activities and services
4. Part time employment
5. Have been a 4-H and/or FFA member
Applicant must plan to attend a four year college or trade school. An alternate for the award shall be named. If the awardee declines or becomes ineligible, the alternate, if eligible at the time, shall receive the stipend. This scholarship will be a one year scholarship of $250.