The inhabitants of the area described in Section 2.1 of this Charter:
(a) shall be and constitute a body politic and corporate under the name of the Village of Simpson
(b) shall be vested with all property which may be acquired by the Village and all rights herein delegated
(c) shall have perpetual succession
(d) may sue and be sued
(e) may contract
(f) may acquire and hold all such property, real and personal, as may be devised, bequeathed, sold or in any manner conveyed to, dedicated to, or otherwise acquired by it
(g) may from time to time, hold or invest, sell, or dispose of the same
(h) shall have and may exercise in conformity with this Charter all municipal powers, functions, rights, privileges, and immunities of every kind and nature.