if the nut isn't welded to the bottom fork plate then you can change out the bolt and nut with a metric bolt and nut that is slightly larger then the standard one that is in it.
The closest metric bolt would be 16 mm which would only be .005 larger in diameter. I would bet it's worn more than .005. So next up is 17mm...about .045 bigger. This is going to require drilling and reaming the entire length of the neck tube as well as the fork plate. A 17 mm chucking reamer is about $80 unless you can borrow one from somebody. Making it worse is the holes are no longer round ..they're likely worn egg-shaped from front to back. Trying to pull this off with a hand drill would be an adventure. Setting up the frame and the forks in a drill press or milling machine would also present some challenges.
Even that may not work as you are looking at a "size on size" scenario. The bolt may or may not be exactly 17mm.. a lot of times the bolt will measure slightly undersize...sometimes right on size...sometimes slightly oversize by a few thou..might need a 43/64" ream...or adjustable ream..that won't be cheap either. You'd have to measure the bolt first before trying anything if you don't end up with a precision fit than it was a waste of time.
I own one of these bikes..(actually a cousin to it an MB 1110) and it has the same issue so I have given it some thought. It's a 5/8" bolt in a 7/8" neck tube...probably .120 wall tubing which leaves about .010 clearance . There's really not enough wall thickness to put in a standard bushing and no "E-Z" fix that I know of .
If it's only the fork plates that are worn there are a few tricks you can try....