P.R. Laws tit. 28, § 461
The Authority shall be empowered to lease lands in parcels of from one hundred (100) to five hundred (500) acres to farmers, agronomists or other persons experienced in agricultural management who shall meet the qualifications hereinafter prescribed, in farms to be known as “proportional profit farms”; Provided, however, That the lessees of said proportional profit farms shall not be individually liable for payment of the stipulated rent or for the moneys to raise crops on lands under lease, or for any other obligation. But they shall, however, be liable for the property and the funds expressly placed by the Authority under their custody; and they shall give bond conditioned on the faithful accounting for all funds or properties handled by them, in such amount as the Authority may determine. Said bond shall be enforceable for the benefit of both the Authority and the laborers working on the farm.
For the purposes of a more efficient operation and a more equitable distribution of the profits returned by the enterprise, each proportional profit farm shall operate subdivided into such number of administrative units as, in the judgment of the Authority, should be established. Each administrative unit shall operate independently of the other administrative units of the farm in everything concerning agricultural operations, costs, accounting, and determination and distribution of profits returned; but if any administrative unit of a farm shall sustain losses, the latter shall be absorbed by the other administrative units of the said farm which may return profits.
History —Apr. 12, 1941, No. 26, p. 388, § 64; May 11, 1942, No. 197, p. 996, § 16; May 9, 1950, No. 263, p. 684; May 28, 1954, No. 46, p. 260, § 5.