Section 7 Securities given to and land and property vested in the Public Works Loans Secretary to vest in their successor.F6

Where under this or any other Act F1or instrument or any conveyance, obligation, or security, any F2land or personal property, or any estate or interest therein, or any chose in action, has been or may be vested in, conveyed, made payable, or secured to the F3Public Works Loans Secretary for the time being as the holder of, and in respect of, that office, all such land and personal property, estate and interest, and chose in action whatsoever, upon the death, removal, or resignation of any such F4Public Works Loans Secretary from time to time, and as often as the same happens and the appointment of a successor takes place, shall (subject to the same trusts and equities, if any, as the same were before respectively subject to) vest in such succeeding Public Works Loans Secretary, by force of this Act and without any act or deed whatever to be done by the Public Works Loans Secretary dying, resigning or removed, or by the heirs, executors, or administrators of such Public Works Loans Secretary, or by any person or persons claiming under him, them or any of them, and notwithstanding the same may have been expressed to be vested in, conveyed, made payable to or secured to such Public Works Loans Secretary, his heirs, executors, administrators, and assigns, or any of them; and shall be proceeded upon in the name of any succeeding Public Works Loans Secretary, by any action or suit in law or equity, or in any other manner as the same might have been proceeded upon by or in the name or names of such Public Works Loans Secretary dying, resigning, or removed.

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