“(3) An executive agency, known as the Bureau of Aircraft Production, is hereby established, and said agency shall exercise full, complete, and exclusive jurisdiction and control over the production of aeroplanes, aeroplane engines, and aircraft equipment for the use of the Army, and to that end shall forthwith assume control and jurisdiction over all pending Government projects having to do or connected with the production of aeroplanes, aeroplane engines, and aircraft equipment for the Army and heretofore conducted by the Signal Corps of the Army, under the jurisdiction of the Chief Signal Officer; and all material on hand for such production, all unfinished aeroplanes and aeroplane engines, and all unfinished, unattached, or unassembled aircraft equipment; all lands, buildings, factories, warehouses, machinery, tools, and appliances, and all other property, real, personal, or mixed, heretofore used in or in connection with such production, or procured and now held for such use, by or under the jurisdiction and control of the Signal Corps of the Army; all books, records, files, and office equipment used by the said Signal Corps in or in connection with such production; all rights under contracts made by the Signal Corps in or in connection with such production; and the entire personnel of the Signal Corps as at present assigned to or engaged upon work in or in connection with such production are hereby transferred from the jurisdiction of the Signal Corps and placed under the jurisdiction of the Bureau of Aircraft Production, it being the intent thereof to transfer from the jurisdiction of the Signal Corps to the jurisdiction of the said Bureau of Aircraft Production every function, power, and duty connected with said production, all property of every sort or nature used or procured for use in or in connection with said production, and the entire personnel of the Signal Corps, as at present assigned to or engaged upon work in or in connection with such production. “Such person as shall at the time be chairman of the Aircraft Board created by the act of Congress approved October 1, 1917, shall also be the executive officer of said Bureau of Aircraft Production, and he shall be, and he hereby is, designated as Director of Aircraft Production, and he shall, under the direction of the Secretary of War, have charge of the activities, personnel, and properties of said bureau. II