Property vested in Board on trust.

All the property, whether movable or immovable, which at the commencement of this Act is held by the Board constituted under the Lord Reay Maharashtra Industrial Museum Act, 1947 (Bom. XXXII of 1947), on trust for the purposes of that Museum shall, together with any such property which may hereafter be given, bequeathed, transferred or acquired for the said purposes, including contributions, fees and subscriptions, and property accruing as a result of the exercise of any of the Board's powers, shall, by virtue of this section and without further assurance, vest in the Board on trust for the purposes of the Museum.