That bike would take fender no problem. You better be at least 6'3" to ride that thing. It will weigh a ton and it is not 40 years old. 30 maybe, but I am leaning to more like 25yrs. 30 bucks it okay but I would look for something local. Watch craig's list and look for bikes with alloy cotterless cranks. You may want to go into some bike shops and get an idea of what size you are looking for first.
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1 Super Record bike, 1 Nuovo Record bike, 1 Pista, 1 Road, 1 Cyclocross/Allrounder, 1 MTB, 1 Touring, 1 Fixed gear