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Once the Authority has acquired any tract of land, it shall devote such land to proportional-profit farms, as defined and authorized in Title IV of this act, or to such other purposes of §§ 241 et seq. of this title, including direct exploitation of said land, as it may deem fitting. In case the Authority determines that the land so acquired is not adapted to the carrying out of the purposes of the Land Law directly by the Authority, the said Authority may dispose of such land in the manner it may deem most advisable.The Authority shall fix the lease rentals to be collected on the land leased to proportional-profit farms or to other cooperatives. History —Apr. 12, 1941, No. 26, p. 388, § 25; May 14, 1943, No. 157, p. 514; Mar. 29, 1945, No. 12, p. 36; May 14, 1948, No. 198, p. 566, § 2; June 30, 1955, No. 106, p. 622, § 7, eff. 30 days after June 30, 1955.