new life to old long bow?

[44charlie]

have inherited an old LB that was in the basement ceiling joist for the last 40 some years. no cracks i put my tillering string on it loose and hung 2 lbs on the string. plan to slowly work the limbs to full draw.
am i on the right track?
is it save to have it in my basement now when the heat is on?
do i darn refinish it?
anyhting else you might advise i would appreciate.

thanks guys
charlie