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the taxes thereon and perform all the duties required b~ [aw to be performed by the commissioner of the revenue in respect to real estate assessments. The clerks of the courts of the city shall furnish to the assessor the list of real estate transfers now required to be ~urnished to the commissioner of (4) Notwithstanding the provisions of § 58-895 of the Code of ¥irginia~ the hustings court of the city~ or the judge thereof in vacation, shall~ annually, appoint for the city a board of equalization of real estate the city, and who shall be s~lected by the court or judge from the citizens of the city. The terms of such members shall commence on their appointment and shall expire on the thirtieth day of November of the year in which they are appointed, Unless such terms are extended. Such court or judge thereof in vacation may extend the terms of the members of the board 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, and paid out of the treasury of the city; provided, however, the council may limit the per diem compensation to such number of days as in its opinion is sufficient for the completion of the work of the board. Such board of equalization shall have and may exercise the assessor in the year in ~ich they serve,~and to that end shall have all the powers conferred upon boards of equalization by Chapter 19 of Title 58 of the Code of Virginia~ and any acts amendatory thereof and supplemental thereto. Notwithstanding such chapter, however~ the board of equalization may~dopt any regulations providing for the oral presentation, without formal petitions or other pleading or requests for review, and looking to the further facilitation and simplification of proceedings before the board. (5) Any person aggrieved by any assessment made by the assessor or the hoard of equalization may apply for relief in the manner provided by § 58-1145 of the Code of Virginia. (6) This subsection shall not apply to any real estate assessable under law by the State Corporation Comission0 (7) Ail provisions of law relating to the assessment of real estate in cities not in conflict with the provisions of this subsection shall apply to the assessment made pursuant hereto. (New°) Chapter IV~ Section 5S-a. School funds. The school board of the city shall on the first days of ~he months of January and July in each year transmit to the council and to the city manager a detailed statement of all money received by said beard or placed to its credit and all moneys disbursed by said board during the preceding six months, whether such moneys shall have been appropriated by the council or received