Looking at the motor tag Oliver sourced the motor to The Louis Allis Co. A little googling and the company still exists but are now located in Warrior, AL They still make specialty motors. While Oliver's standard was apparently "polyphase AC", they appeared in their catalogs to be quite willing to discuss the customers electric system and suggest a motor configuration. DC was an option for example. And their motor source was a specialty motor builder. Totally possible that Allis took a motor frame and loaded single phase windings in it for a special order. You will probably never find the answer to that puzzle, but you have verified that it is indeed 240 single phase and whoever made that change did it in the original housing and was professional enough to mod the spec plate.