All of the funds and money in the dormitory fund and dining fund, including any revolving fund, of the Lewis-Clark Normal School, as the same is authorized by sections 33-3701—33-3711, Idaho Code, and all of the unexpended funds hereto allocated and appropriated to the Lewis-Clark Normal School for the purposes specified therein, and all of the educational or other endowment funds, holdings, rights, privileges and immunities of the Lewiston Normal School, the Northern Idaho College of Education, and the Lewis-Clark Normal School, and any allocations or appropriations from the normal school fund, as provided by section 33-3302, Idaho Code, are hereby transferred to, vested in and continued in the Lewis-Clark State College and placed under the control of its board of trustees, and appropriated for expenditure by it and shall be paid out by the state treasurer in the manner provided by the constitution and laws of the state of Idaho. All of the property, real and personal, and all of the obligations, legal and moral, of the Lewiston Normal School, the Northern Idaho College of Education, and of the Lewis-Clark Normal School, are hereby vested in, or shall become the obligations of, the Lewis-Clark State College.