(1) The land described in Schedule 2 to this Act is hereby vested in the Corporation for an estate in fee simple subject to subsection (2) and subsection (3) of this section, but otherwise freed and discharged from all former trusts, reservations, and restrictions affecting the same.
(2) The land described in Schedule 2 to this Act shall be subject to an easement in gross which is hereby vested in the Board and under which the Board shall have the full, free, uninterrupted, and unrestricted right, liberty, and privilege for itself, its servants, tenants, agents, workmen, licensees, and invitees (in common with the Corporation, its tenants, and any other person lawfully entitled so to do) from time to time and at all times by day and by night to go, pass, and repass at the Board's will and pleasure with or without horses or other animals and with or without carts, carriages, tools, plant, implements, machinery, and vehicles of all descriptions through, over, and along that land.
(3) The Corporation shall at all times and at its own cost keep the surface of the land described in Schedule 2 to this Act in good order, serviceable repair, and condition.