Sir,
First, congrats on finding the knife. If this isn't too late, let the knife handle dry out very slow. wrap it up in a paper towel and get it away from any heat source, preferably in an unheated garage.
For the blade do not over-worry it, much of the damage can be resolved.
you have what you have and a pretty good story to go with it.
I'd start with steel wool and WD-40 to assess the surface corrosion.
Do not re-sharpen yet. Put it back in the paper towel.
What kind of shape (flat, concave or convex) are the master bevels?
There is more to follow.
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