Belt frying?

It sounds like one of your components the belt is driving is turning too hard....misalignment will throw a belt not fry it...get a new belt and only tighten it so you can twist it a quarter of it width...deflection not round and round like it runs...then see what component isn't turning or seems to be turning slower.
:sign3:

with the belt off, how hard is it to spin the water pump? how about the alt? if i had to guess i would say the water pump is siezed up or hitting the case screws maybe