crankcase pressure pulses are used to pressurize the tank through one of the lines. Fuel flows from the tank to the motor through the other line. A very simple and effective system. You'll want to get new hose, a rebuild kit for the tank and o-rings for the quick connect fitting. All available from laingsoutboards.com. You need to specify whether it has a plastic primer button or a metal one when you order the tank rebuild kit.
Oh and pictures. We need pictures! You can't say it looks like new and not provide pictures!
Cheers...................Todd