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All assets, fixed and movable, personnel and records of the Cebu State College as well as liabilities or obligations, are hereby transferred to the Cebu Normal University:Provided,That the positions, rights and security of tenure of personnel therein employed under existing laws prior to the absorption by the University 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 government occupied by the Cebu State College are hereby declared the property of the Cebu Normal University and shall be titled under that 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 City of Cebu.
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