Section 10
SEC. 10. All the powers vested in, and the duties conferred upon, the National Investment Board by Commonwealth Act Numbered Seven, as amended, and by other laws, the funds and properties heretofore placed under the administration of said Board by said Acts, and its assets, accounts, contracts, and choses in action, are transferred to the Agricultural and Industrial Bank, which shall exercise said powers and duties in accordance with said Acts, except as hereinafter provided, and shall administer, dispose of, handle, or execute said funds, properties, assets, accounts, contracts or agreements, and choses in action in the manner the Agricultural and Industrial Bank may determine in the interest of the funds concerned, and the Agricultural and Industrial Bank shall assume all the liabilities of the National Investment Board in behalf, or as trustee of said funds.