Vintage Collegiate Bicycle- Origin unknown -over 55yrs

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Up for auction is this Vintage Bicycle . Origin unknown. It use to be my Uncle's before he passed away. Then it was stored in a garage until recently. I don't know w my Uncle acquired it from. It says it's a Collegiate Bicycle . I know Cleveland Welding Co. made them and also Sears. My guess is that it from the late 40's. I think it is at least 55 yrs. old.; probably older. When I was about 2, he had a basket on it and took us for rides. The seat says it was made by Persons Mfg, Worcester Mass . The bike looks all original. Good restoration project. Tires do not hold air. Any questions, please ask.