Section 8
SEC. 8. As prerequisite for the organization and legal recognition of this Home, the founders thereof or, in case of their death, their executors, bind themselves to endow the same with personal and real property of a market value of not less than half a million pesos, the revenues of which shall be used exclusively for the purposes of the Home mentioned in this Act. The Public Welfare Commissioner of the Philippine Government is hereby authorized to accept the donation mentioned in this section on behalf of the Home; and as soon as said donation has been made and accepted by the Public Welfare Commissioner, the institution hereby authorized, known as Hospicio de San Jose de Barili, shall be understood to be organized and have entered upon its legal existence. Upon its legal foundation as provided in this section, all powers and functions thereof shall be exercised by the managers trustees, in accordance with the provisions of this Act.