The Collaborative International Dictionary of English v.0.48:

Scholy \Scho"ly\, n.
   A scholium. [Obs.] --Hooker.
   [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Scholy \Scho"ly\, v. i. & t.
   To write scholia; to annotate. [Obs.]
   [1913 Webster]