All that portion of the Town of Essex now embraced within the limits of the Essex Junction School District as incorporated by No. 113 of the Acts of 1872, and as has been amended and added thereto and which is also embraced within the limits of the incorporated Village of Essex Junction together with the inhabitants therein is hereby incorporated and made a body politic and corporate and shall hereafter be known by the name of the Essex Junction School District and by that name may use and be used, prosecute and defend in any court, may have a corporate seal and alter it at pleasure, may take, hold, and convey real and personal property and estate, may levy and collect taxes, and generally shall have the rights and liabilities incident to municipal corporations.