Thanks for all that helped and gave suggestions...
I wanted to close this Thread earlier, but one of my Family members had a Stroke and things are 'just' getting back to normal... (quick detection made all the difference!)
Anyway,
Indeed these Bolts and Plates were put into place after the foundation was put in when the house was built. They are anchors for the outside concrete steps and would likely tilted and broke-off had I removed those Bolts and nuts. Instead, using a cut-off tool, I cut them back to the Nuts and 'patched over' them with hydraulic cement. Before I did this, I chipped all around the plates and removed the 'old patch' that was there to begin with... Once that was done, I used a Concrete sealing formula wash (similar to Kryton) that enters the concrete and crystallizes. I sealed the entire wall and 2' of the floor (also filled cracks with Hydraulic cement) and prepped as per directions.... Tested the walls with paper and cardboard and Final result is a nice Cool Room with NO moisture!!
Thanks again for all your help!
Cheers,