or pertaining to any loan to a governmental unit or 
any purchase or sale of municipal bonds or revenue 
bonds or other investments or to the performance of 
its duties and execution or carrying out of any of its 
powers under this Act; 
(13) purchase or hold municipal bonds and rev-
enue bonds at such prices and in such manner as 
the Bank deems advisable, and sell municipal bonds 
and revenue bonds acquired or held by it at such 
prices without relation to cost and in such manner 
as the Bank deems advisable; 
(14) invest any funds or moneys of the Bank 
not immediately required for loan to governmental 
units and for the purchase of municipal bonds or 
revenue bonds, in the same manner as permitted for 
investment of funds belonging to the territories or 
held in the treasury, except as otherwise provided by 
this Act; 
(15) prescribe any form of application or proce-
dure required of a governmental unit for the loan or 
purchase of its municipal bonds or revenue bonds, 
fix the terms and conditions of that loan or pur-
chase, and enter into agreements with governmental 
units with respect to any loan or purchase; 
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(16) consider the need, desirability or eligibility 
of the loan to a territorial customer, the ability of 
the territorial customer to secure borrowed money 
from other sources and the costs thereof, and the 
particular public improvement or purpose to be fi-
nanced by the municipal bonds or revenue bonds to 
be purchased by the Bank; 
(17) charge for its costs and services in review 
or consideration of any proposed loan to a territorial 
customer or purchase of municipal bonds or revenue 
bonds of a territorial customer, including a charge 
for such costs or services, whether or not the loan 
is made or the municipal bonds or revenue bonds are 
purchased; 
(18) establish any terms and provisions with re-
spect to any purchase of municipal bonds or revenue 
bonds by the Bank, including date and maturities of 
the bonds, provisions as to redemption or payment 
prior to maturity, and any other matters which are 
necessary or advisable in the judgment of the Bank; 
(19) conduct examinations and hearings and to 
hear testimony and take proof, under oath or affir-
mation, at public or private hearings, on any matter 
material for its information and necessary to carry 
out this Act; 
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(20) issue subpoenas requiring the attendance 
of witnesses and the production of books and papers 
pertinent to any hearing before the Bank, or before 
one or more of the directors of the Bank appointed 
by it to conduct the hearing; 
(21) apply to any court, having territorial juris-
diction of the offense, to have punished for contempt 
any witness who refuses to obey a subpoena, or who 
refuses to be sworn or affirmed to testify, or who is 
guilty of any contempt after summons to appear; 
(22) procure insurance against any losses in 
connection with its property, operations or assets in 
such amounts and from such insurers as it deems 
desirable; 
(23) consent, to the extent permitted under its 
contracts with the holders of bonds or notes of the 
Bank, to any modification of the rate of interest, 
time and payment of any installment of principal or 
interest, security or any other term of bond or note, 
contract or agreement of any kind to which the 
Bank is a party; and 
(24) issue Bank bonds or notes which are se-
cured by neither the reserve fund nor the revenue 
bond reserve fund, but which may be secured by 
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