The Farm Insurance Corporation shall be directed by a Board of Directors composed of the following five (5) members: the Secretary of Agriculture, who shall be its Chair, the Dean of the Faculty of Agricultural Sciences of the Mayagüez Campus of the University of Puerto Rico, a representative of the Government Development Bank duly designated by the President of said agency, and two (2) bona fide farmers who are patrons of the insurance provided by the Corporation, who shall be appointed by the Governor with the advice and consent of the Senate of Puerto Rico, for a term of three (3) years each, and until their successors are appointed and take office.
The initial appointments of the members of the Board of Directors who are farmers shall be, one for a term of three (3) years, and the other for a term of two (2) years.
In the event there is a vacancy before the term of appointment of the members of the Board of Directors that are farmers expires, the Governor, with the advice and consent of the Senate of Puerto Rico, shall extend a new appointment for the remaining term of the member who caused the vacancy. The Governor of Puerto Rico may dismiss any of said members for repeated absences at the meetings of the Board of Directors, negligence in the performance of duties, conviction of a felony or misdemeanor that implies moral turpitude or total and permanent disability to carry out the duties of the office.
The members of the Board of Directors who are not public officials or employees shall receive no remuneration or compensation for carrying out their duties as such, but may receive a per diem of not more than fifty dollars ($50) for each day or part thereof that they devote to the performance of the official duties of the office.
History —Dec. 12, 1966, No. 12, p. 62, added as § 3 on Aug. 11, 1988, No. 166, p. 718, § 4.