The state board of regents, for and on behalf of Kansas state university of agriculture and applied science, is hereby authorized to sell, transfer and convey any real or personal property the title to which is acquired by said university under the last will and testament of the late Vern V. Schwab, of Manhattan, Kansas. The necessary written instruments to transfer and convey said real or personal property shall be signed by the chairman of the state board of regents and attested by the executive officer of said board. Any of said real estate shall not be sold for less than three-fourths of its appraised value as shown by the records of the proceeding in the probate of the last will and testament of Vern V. Schwab.
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