Prior to moving to a 1 P subscription, I ran legacy 1P with Dropbox sync. I am fairly certain that these two 1P folders within my dropbox folder go back to that legacy 1P install, and thus are obsole...
Your Emergency Kit contains the sign-in details for your 1Password account. Depending on how old it is, it might be out of date. I would suggest getting a new one by signing in to 1Password.com, going to My Profile from the menu in the top-right, then click Save Emergency Kit, like this:
Then, when you've downloaded a current one (just to be sure), you can delete the old one. We recommend printing your Emergency Kit, handwriting your account password on it, and keeping it in a safe place, along with your passport, will, financial documents, or similar things.