(1)   The town board may:

     (a)    If the town has a police department, establish a board of police commissioners.

     (b)    If the town has a fire department, establish a board of fire commissioners.

     (c)    If the town has both a police and fire department, or a combined protective services department, establish a board of police and fire commissioners.

   (2)   A board created under this section shall be organized in the same manner as boards of police and fire commissioners under s. 62.13 (1).

   (3)   A board created under this section is subject to the provisions of s. 62.13 (2) to (5) and (7) to (12) to the extent that the provisions apply to 2nd and 3rd class cities. In applying s. 62.13 under this section, the town board chairperson has the powers and duties specified for a mayor, the town board has the powers and duties specified for a common council and the town has the powers and duties specified for a city.