Sec. 10. The board of trustees of Vincennes University may:
(1) appoint subordinate officers the board believes convenient for:
(A) the police of Vincennes University; and
(B) carrying the statutory powers and duties of Vincennes University into effect; and
(2) by ordinance:
(A) require such sureties from the subordinate officers;
(B) annex the fees to the subordinate officers of Vincennes University; and
(C) impose such fines for a neglect of duty or misconduct in office;
as the board of trustees of Vincennes University determines proper.