Indiana Code Title 20. Education § 20-23-4-26

(1) sue and be sued;  and

(2) acquire, hold, and convey real and personal property necessary to the community school corporation's establishment and operation.

(1) all the powers, rights, duties, and obligations of the school cities of any class in which the school corporation would fall if it were organized as a school city;  and

(2) the additional powers granted school corporations:

(1) president;

(2) secretary;

(3) treasurer;  and

(4) vice president, if the board of trustees consists of more than three (3) members.