Select Bancorp (SLCT) 10-Q 2019 Q2 Quarterly report

Exhibit 3.1

ARTICLES OF AMENDMENT

OF

SELECT BANCORP, INC.

Pursuant to Section 55-10-06 of the North Carolina General Statutes, the undersigned corporation hereby submits these Articles of Amendment for the purpose of amending its Articles of Incorporation:

1.       The name of the corporation is Select Bancorp, Inc.

2.       Article II of the corporation’s Articles of Incorporation is hereby amended and restated in its entirety to read as follows:

ARTICLE II

The Corporation shall have authority to issue a total of 55,000,000 shares of capital stock. The capital stock shall consist of 50,000,000 shares of Common Stock, $1.00 par value per share, each with one vote per share and 5,000,000 shares of Preferred Stock, no par value. The preferences, limitations and relative rights of the shares of Preferred Stock shall be designated by the Board of Directors and may be issued in one or more series.

3.       The preceding amendment to the corporation’s Articles of Incorporation was adopted by the corporation’s board of directors on the 19th day of February 2019 and was approved by shareholder action on the 21st day of May 2019, in the manner required by Chapter 55 of the North Carolina General Statutes.

4.       These articles will become effective upon filing.

This the 28th day of May 2019.
Select Bancorp, Inc.
By:	/s/ William L. Hedgepeth II
	Name:  William L. Hedgepeth II
	Title:  President and Chief Executive Officer