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Regarding your question of two tail lights, they were required by some states. In today's world I would make sure it had two tail lights. First give that old Ford a good wash job. Preserve as much as you can on this car to save the originality. Real nice original cars draw a lot of attention and they are only original once. In your photos I do see a couple of extra holes in the top of the dash on the driver's side. Those are not stock. Anyway clean it up real good so you can assess the next step in the journey to bring this old Ford back to life. You have an extremely desirable car.