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HELP With ID of a Shelby Cadillac Bicycle

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Gruby62

On Training Wheels
Wow, this sight has lots of info!! New here due to just finding this bike in the attic of a garage. Its been there a LONG time!! The tires have pretty much became solid and are flaking off of the rim. Heres what I do know about the bike. Its badged a Cadillac which as I understand was made by Shelby. The serial number is V820937. The rear hub is marked New Departure Model D and the brake is marked New Departure. Looks like not much is known on the serial numbers so I started researching the hub and brake. From what I can tell by the brake it should be a 1940-1941??? Looking for some info from the experts on what year this bike may have been made? Any help would be great!! .

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NIce find! Holy grail twin alum lights are missing... but what is there could sure be pretty with a clean up!
Rare model...I think 1940 or 41
 
I looked all over for the lights but could not find them. The guy who owned the bike was 90+ and this bike has probably been in the rafters since the 70's. Trying to figure a value on it.
 
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