The board is hereby authorized and empowered to exchange, subject to any existing leases, the university lands, as defined in K.S.A. 76-345, for the association lands, as defined in K.S.A. 76-345. The instruments of conveyance of the university lands shall be executed in the name of the Kansas board of regents by its chairman and secretary. Before such university lands are conveyed, the attorney general shall approve the instruments of conveyance of the association lands to the university of Kansas and the title to said association lands.
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