A registration tag shall only be issued by the Delanco Township Police Department upon a satisfactory showing by the applicant to the registration authority that the bicycle is in a safe mechanical condition. The applicant may be required to demonstrate his or her qualifications for operating a bicycle, his or her knowledge of the vehicular and traffic laws of the State of New Jersey applicable to bicycle signs and signals, as well as such rules and regulations as the Police Department may promulgate with the approval of the Township Committee of the Township of Delanco concerning the operation, equipment and maintenance of bicycles; provided, however, that said rules and regulations do not conflict with any existing statutes of the State of New Jersey.