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If I had this opportunity I would:
Drag it out and have a good look at the frame. If it's badly rusted, part it out or sell it.
Then rotate all the wheels, rotate kinkpins - see if anything is rusted up.
Try to turn the engine with a wrench on the crank pulley nut. If it turns yayyy!! If it doesn't consider $4000 in parts and machine shop work to rebuild it.
Put a battery in it and crank it over, listen for funny noises.
Take oil pan off, look at bearings, scrape 5 pounds of gunk out of the oil pan.
If bearings will last a while, put oil in it, install new points and plugs, pour gas down the carb and see if you can get it to run.
If it will run, rebuild carb.
Replace wheel cylinders, master cylinder, and brake lines. Buy new tires. Wash the paint down real well and brush on a coat of linseed oil.
Drive it.
Check steering gear and kingpins. Repair as needed.
Drive it like you stole it. Under $2k if everything goes right.
I'm only 50 miles away. PM me if you need help.
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