those studs are threaded on. when you buy a new water pump they come with new ones. If you decided to repalce the water pump they are cheap, I think my new one was about 25$. But if its good you are i no way sol. Just figure a way to get it out and you can replace the studs.
i dont see why 3 studs would be a problem But if you just drill/ knock out the stud you can just run a nut and bolt and be fine, Its not like they balance the pulley off the water pump.