The Town Manager, as appointing authority, shall, from time to time as may seem necessary in his judgment, and pursuant to the authority of N.J.S.A. 40A:14-118, adopt and amend the rules and regulations for the conduct and discipline of the Police Department and members thereof. The Town Manager shall distribute copies of any newly adopted rule, regulation, or amendment promptly after its adoption to the Chief of Police. Any such rule, regulation, or amendment shall take effect 30 days after adoption unless the Town Manager shall declare in his adoption that an emergency exists which requires a rule, regulation, or amendment to take effect immediately. Said rules and regulations may fix and provide for the enforcement of such rules and regulations and the enforcement of penalties for any violations. All members and employees of the Police Department shall be subject to such rules, regulations, and penalties.