Is the metal pressed over the outer race where your arrow points? The bearing would come out if it that outer clutch part wasn't bent over the outer race?
Probably buck rivets which are a solid rivet smashed into place with either an air hammer or press. They fill the hole completely with rivet expanding inside it.The pulley is riveted with some weird rivets. I took a die grinder to them and managed to separate the pulley and expose the bearing but no matter how hard I try I cannot get the "rivets" out of the hub portion. I have tried grinding them off flush, and pounding the living s^&t out of them and they will not loosen up or come out. I guess I will have to bite the bullet. The machine is a later model so I suspect it could be from late mid to late 90's so perhaps anywhere from 20 to 25 years old. I guess if it lasted this long if I go through all this it should last another 10 years anyway. **** at my age I don't even buy green bananas anymore <img src="http://www.mytractorforum.com/images/smilies/biggrin.gif" border="0" alt="" title="Big Grin" class="inlineimg" /> so I am thinking with a little regular care it should be fine for a long time to come. **** it lived it's whole life up until last summer when I bought it mowing close to 2 acres. I only have a half acre so it should be fine. I just hate parting with the coin is all.
Once I have it all done I will flush the cooling system, replace the coolant with fresh, I touched up a couple little rust spots on the deck and sharpened the blades, installed a new belt as well so all should be well there.
If you worry about it falling apart brad your bolts by holding a hammer against the head end and hitting the nut end to swell it out.Yep BUT now getting it together and to stay that way will be the challenge LOL I will update with photos as I gi and report back if it works out