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Somebody seriously was throwing this in the trash..... (Ampeg)

Great find! Or maybe it found you? Either way, I wouldn't do anything to change the appearance. Short of making sure the wiring was OK I would leave it as is. It's an old Ampeg, the master of funk. Just leave it alone and play it. Also from a purely monetary position, old and original is always worth more down the road, trust me I found this out the hard way. Good luck. Keep the groove.
 
I got an Ampeg B-25 cab a friend found abandoned in his practice space. Everyone thought it was blown because it farted and buzzed. Turned out that most of the nuts holding the speakers to the baffle were gone and only 3 screws out of over a dozen holding the back of the cab on were there. $2 spent at the hardware store and it was roaring. Sold it for $100 and gave my buddy $25 of that.