Establishment. The Village Board, the Planning Board, the Board of Appeals and any other agency, board or commission affected by this chapter shall have the power to adopt rules and regulations, subject to the provisions hereinafter contained. Any board or commission may promulgate or propose rules and regulations either in the conduct of its affairs or as supplementary to this chapter.

Adoption. The rules and regulations intended to be adopted shall first be promulgated by the board or commission. Upon approval of a majority of its members, the same shall be transmitted by the Village Clerk, who shall include the same on a Village Board agenda within 60 days after receipt. The Village Board shall, in its regular public session, approve, disapprove, modify or alter such or any portion of the proposed regulation and, when adopted by the Village Board, the same shall constitute a regulation of the promulgating board.

Amendments. Amendments to any rule or regulation promulgated by a board and adopted by resolution of the Village Board may be amended or rescinded by resolution of the Village Board, with or without the concurrence of the promulgating board.