Section 203. Upon application to said court by either party to such proceedings at any time after the expiration of two years from the confirmation of such award, the matter may be reopened, and the same or other commissioners shall rehear the parties, and the award of said commissioners or of a majority of them, when made to and confirmed by said court, shall be binding on the parties for two years after such confirmation, when like proceedings may again be had on petition of either party.