(1) The chancery or circuit court is expressly authorized to appoint a master to take testimony and perform the functions of a master as in other cases and to make a final report and recommendation to the court.
(2) Any aggrieved party may, within thirty (30) days of the filing of a report by a master appointed as hereinbefore provided, file a written protest to the finding or recommendation of the master.
(3) The court shall approve, modify, or reverse the findings of the master and shall enter a decree in accordance with the equities in the case.
(4) Any owner of real property within the district or any other party who feels aggrieved from the final decree of the court may appeal to the Supreme Court.