Sec. 4. The board of trustees of Indiana University may: (1) possess all the real and personal property of Indiana University for its benefit; (2) take and hold, in their corporate name, any real or personal property for the benefit of Indiana University; and (3) expend the income of Indiana University for its benefit. [Pre-2007 Higher Education Recodification Citation: 20-12-23-2(c) part.]
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