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This is certainly lawyer territory.
My personal opinion is that if you use the modern text as a short cut to reproduce the original, and the final product fully represents the original (including using same characters as used in the original), then what ever applies to the original is what applies to yours. To the best of my knowledge as well, a simple font change does not constitute a new copyright. New alternative phrasing, additional text, etc is what would allow for a copyright to be placed over that version. Without seeing the various versions, it is difficult to say what copyrights come into play.
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