Primarily Petroliana Shop Talk Forums Shop Talk Petroliana Forums General Petroliana Discussion Recommendations on how to save Red Hat sign

I need to tap some of yall's collective wisdom on how to help save this Red Hat sign I've come across. Its painted metal and the paint is flaking off. There is also some paper stuck to it. I was able to peel some of the paper off without lifting more paint but I don't expect it will be that easy for most of it.

The major conundrums:

1. What can I do to keep the current paint from coming off.
2. What can I do to keep paint that has started lifting off to lay back down
3. What is best for removing the paper without lifting additional paint

Any methods or advice would be greatly appreciated. Or is she toast....

Thanks in advance