Indiana Code Title 21. Higher Education § 21-31-2-10

(1) erect, construct, and complete buildings and structures and otherwise improve property owned by the university;

(2) equip, furnish, operate, control, and manage the properties for the purposes of or for the benefit of the university;

(3) acquire by purchase, lease, gift, or otherwise property, both real or personal, that the board of trustees finds necessary for the purposes of Vincennes University;  and

(4) use real or personal property acquired by the board of trustees for the purposes of Vincennes University.