Section 11. The following property and all its improvements are hereby transferred to the Mindanao Institute of Technology for the use of the Institute in carrying out the purposes on this Act:

C. T. Nos. 5 and 8, Lots Nos. 650-M and 649, PID-B.L. Survey 5 C-338-A, with sales Applications Nos. 338-A (E-29) of the Rio Grande Rubber Estate Company, situated in the municipal district of Kabacan, Province of Cotabato, Mindanao; containing an area of 1023.0025 hectares more or less (EPC Acct. No. 946).

The produce and income of the foregoing property and its improvements shall be expended by the Institute as hereinabove stated.