Hey Shelmar! Welcome. Post some more and get to ten so you can show us pics. There are many Centurion fans here, including me. I have a 1984 Le Mans RS that I really like.
Where do you live? Many communities have bike co-ops that collect old parts for reuse. That also could be a good resource for rebuilding an old bike.
For painting, consider getting the frame stripped and powder coated. It is durable and much less expensive than regular paint.