it was ruled that the word

"Well, I don’t want bonds, I want money, as is my due."
"Wait a minute," said Keith. He read the report again slowly. "This says that holders of scrip _may_ exchange, for bonds; it does not say they _must_ exchange," he said finally. "If that interpretation is made of the law, suit and judgment would lie against the city. Do you want to try that?"
"Of course I want to try it!" cried Jones.
"Well, bring me your contract and vouchers, and any other papers to do with the case, and I’ll see what can be done."
"I have them right here," said Doctor Jones.
This, as Keith’s first case, interested him more than its intrinsic worth warranted. It amused him to bring all his powers to bear, fighting strongly for the technical point, and finally establishing it in court. In spite of the evident intention of the Legislature that city scrip should be retired in favour of bonds, it was ruled that the word _may_ in place of the word _must_ practically nullified that intention. Judgment was obtained against the city for eleven thousand dollars, and the sheriff was formally instructed to sell certain water-front lots in order to satisfy that judgment. The sale was duly advertised in the papers.
Next morning, after the first insertion of this advertisement, Keith had three more callers. These were men of importance: namely, John Geary, the first postmaster and last _alcalde_ of the new city; William Hooper, and James King of William, at that time still a banker. These were grave, solid, and weighty citizens, plainly dressed, earnest, and forceful. They responded politely but formally to Keith’s salute, and seated themselves.
"You were, I understand, counsel for Doctor Jones in obtaining judgment on the hospital scrip?" inquired Geary.
"That is correct," acknowledged Keith.
"We have called to inform you of a fact that perhaps escaped your notice: namely, that these gentlemen and myself have been appointed by the Legislature as commissioners to manage the funded debt of the city; that, for that purpose, title of all city lands has been put in our hands."
"No, I did not know that," said Keith.

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