Buckets of moonbeams in my hand

yesterday it rained all day. perfect day to start my restoration project on one of my favorite bikes. its a hawthorne my father bought for me. he paid $2 for the bike which is one of many reasons i like the bike so much. i wrecked this bike one day riding no handed and broke the weld at the bottom bracket.

i relaced, greased and polished the wheels/hubs. sanding and painting is in the near future. also, i am going redo the banana seat. im thinking leather but worried about riding it if the seat gets wet....ruined pants....right?? ill post pictures of the completed bike.