My choices are, to restore it, or salvage the good parts (top, back, fingerboard). Some parts are just too far gone, or, were never made that well to begin with.
The c-bout ribs were made with stack laminations of solid wood, then cut out on a bang saw.
![](http://farm3.static.flickr.com/2483/4013097710_3e7fe98e9b_d.jpg)