Well, first thing to know about turning this engine: DO NOT turn it using the big nut by the points. This will immediately bend the points shaft, if it doesn't break it right off in a seized engine. Instead, remove the alternator cover (left side of the engine, front) and use the nut there for trying to turn it.
Next: if it is stuck, it very likely will not run, either. It doesn't take much rust to ruin the rings & bores. It takes even less to make it stick. So, use penetrating oil down into those bores if you want to try to turn it, and let it soak for a long time. If you can't remove one of those sparkplugs, that is very likely the rusty cylinder, too. This usually happens when the engines sit for a long time with old oil in them, and with no airbox on the carbs or with exhaust pipes missing.