Mainstreet Bancshares, Inc.
Extract: Charter Amendment (Plain English Desc) from a 8-K on 05/16/2024   Download
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EX-3.1 2 ex_674076.htm EXHIBIT 3.1

EXHIBT 3.1

 

 

 

AMENDMENT TO ARTICLES OF INCORPORATION

 

The Board of Directors of MainStreet Bancshares, Inc. (the “Company”) has duly adopted the following resolution amending Article III.1. of the Articles of Incorporation:

 

RESOLVED, that having determined that an increase in the authorized Common Stock to 15,000,000 shares is in the best interest of the Company and its shareholders, and subject to consideration by and approval of the Company’s shareholders, Article III.1. be amended to read as follows:

 

1.         Number. The aggregate number of shares of stock which the Corporation shall have the authority to issue, and the par value per share, is as follows:

 

Class

 

Number of Shares

 

Par Value

Common Stock

 

15,000,000

 

$4.00

Preferred Stock

 

2,000,000

 

$1.00