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All the assets, fixed and movable, personnel and records of the Aklan Agricultural College, as well as its liabilities or obligations, are hereby transferred to the College:Provided, however,That the positions, rights, and security of tenure of personnel therein employed under existing laws Prior to absorption by the College are not impaired:Provided, further,That the incumbents of the positions shall remain in the same status until otherwise provided for by the Board.
All parcels of land belonging to the Goverment occupied by the Aklan Agricultural Collcge are hereby declared as the property of the Aklan State College of Agriculture and shall be titled under that name: Provided, That, should the College cease to exist or be abolished or such parcels of land aforementioned be no longer needed by the College, the same shall revert to the Province of Aklan.
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