All regulations enacted and adopted by the inhabitants of the Village for the government thereof shall be known as "bylaws."  All regulations passed and published by the trustees of the Village for the government thereof shall be deemed to be and shall be known as "ordinances."  In the case of any inconsistency between the bylaws and the ordinances of the Village, the bylaws shall be deemed superior and shall control as to such inconsistency. The Village at any annual meeting of the inhabitants thereof, or any special meeting duly warned for that purpose, may make, establish, alter, amend, or repeal any bylaws of the Village. (Added 1937, No. 301, § 22.)