That's the original brand of them. Bicycles offered a level of social economic Mobility when they first came about in large quantities. Particularly to women.
From A Connecticut Yankee In King Arthur’s Court by Mark Twain (1890):
But when I saw them put the noose around his neck, then everything let go in me and I made a spring to the rescue—and as I made it I shot one more glance abroad—by George! here they came, a-tilting!—five hundred mailed and belted knights on bicycles!
The grandest sight that ever was seen. Lord, how the plumes streamed, how the sun flamed and flashed from the endless procession of webby wheels!
I waved my right arm as Launcelot swept in—he recognized my rag —I tore away noose and bandage, and shouted:
“On your knees, every rascal of you, and salute the king! Who fails shall sup in hell to-night!”
Robert Evens of behind the bastards fame did a podcast all about the movie Knightriders which is about knights on motorcycles. He was quite taken with it and it sounded pretty ok.
The poster has redesigned the sign to say that their local government can come and take their bicycles and bicycle infrastructure. This this is a meme for bicycle infrastructure using a language that is easily recognized by people who would be anti-bicycle. This is part of a series of memeworks this poster has shared twisting generally reactionary talking points to "trick" or persuade would be reactionaries to being pro anti-car.