Thank you both!
Also yes this vacuum does have the paper bag conversion kit in it. They are so tiny like a lunch bag. I've never used one with paper bags before, I'll try it out but I suspect it will clog up fast.
Somehow the owner of this one got the paper sheet from a stamp roll sucked into the fan housing and because its somewhat plastic, it got all twisted up and wrapped around the spindle.
I will check my local ACE for the belts first, if not I will order online. My local ACE has vacuum bags and belts going back to the Broom Vac for whatever reason, they have a lot of unsold vintage stock that's sat in the store room for decades. They had a 2006 Hoover Tempo in there new in box last time I was in there but I didn't have over $100 for it.