Notwithstanding any provisions of §§ 58-895 to 58-902 [58.1-3370—58.1-3377] and 58-914
[repealed] of the Code of Virginia, as amended, the court of record en banc of the
city or the judges thereof in vacation shall, annually, appoint for the city a board
of review of real estate assessments to be composed of three members, who shall be
freeholders of the city for which they serve. The terms of such members shall commence
on September one of the year in which they are appointed and shall expire on the thirtieth
day of November of the year in which they are appointed, unless their terms are extended.
Such courts of the judges thereof in vacation may extend the terms of the members
of the board of review and shall fill any vacancy therein for the unexpired term.
The members of the board shall receive per diem compensation for the time actually
engaged in the duties of the board to be fixed by the council of the city, and to
be paid out of the treasury of the city, and the council may limit the per diem compensation
to such number of days as, in its judgment, is sufficient for the completion of the
work of the board.