FORMAN, District Judge.
Complainant, a resident of the state of New York, brings this proceeding as a holder of bonds of the City of Asbury Park, N. J., in the amount of $4,000. He contends (a) that chapter 160, Laws of New Jersey of 1936, N.J.St.Annual 1936, § *136 — 4700(416) et seq., creating the Beach Commission, violates the due process clause of the Federal Constitution, and (b) that it impairs the obligations of his contract as a bondholder.
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