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All assets, fixed and movable, personnel and records of the Don Severino Agricultural College, as well as liabilities or obligations, are hereby transmitted to the University: Provided, however, That the positions, rights and security of tenure of personnel therein employed under existing laws prior to its conversion to a university are not impaired: Provided, further, That the incumbents of the positions shall remain under the same status until otherwise provided for by the Board.
All parcels of land belonging to the government, occupied by the Don Severino Agricultural College are hereby declared to be the property of the University and shall be titled under its name: Provided, furthermore, That should the University cease to exist or be abolished or such parcels of land aforementioned be no longer needed by the University, the same shall revert to the Province of Cavite.1aшphi1
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