The state board of regents, for and on behalf of the state of Kansas, shall accept the transfers and conveyances of title to all the campus property of the university of Wichita, with the proviso and subject to the condition that actual possession and operational control of the university of Wichita, by the state of Kansas through its state board of regents shall become effective July 1, 1964. All instruments conveying real estate shall be recorded in the office of the register of deeds of the county where the real estate is located, and thereafter shall be filed in the office of secretary of state by the state board.