"I found this bike today at a garage sale for $3.00 and besides the low price and funky name Bridgestone Kabuki"

1) New 27" x 1 1/4" tires for about $5 each + S/H @ Niagara Cycle Works...look the tires over good, might still have some life left in them. Still would order the new tires, and keep the old ones as spares if they did have some life left in them (gumwalls not cracked and dried, no cuts or chunks out the black treaded area...still tread on the black treaded area.
2) Retape the handlebars
3) Lose that "suicide" kid seat before somebody gets hurt with it
4) Look for letter decals on the frame (probably on the top tube under that "dangerous" baby seat...yea, I'm worried about it) indicating model (SSD = Super Speed had bolt-on steel wheels, HT= Hill Topper...).
5) Decent (entry-level, but what expression doesn't mean much to many riders. Nice for commuting/touring/recreational) bike at a ridiculously low "Merry Christmas Ho Ho HO" price
6) The name isn't that funky....the bike is a Bridgestone, which a translation of the name of the fellow who started the tire company it's a part of... he was a cycling enthusiast like the fellow at Panasonic...ibikes also came into the U.S. under the C. Itoh name. I think the guy who runs Rivendell came out of Bridgestone. Think mid-to-late 1970s. Incredibly nice catch for the price of one gallon of gas...ride 20 miles on those tires & the bike paid for itself!!!