The vibrato switch buss is connected to the junction of R370 and R371. These two resistors are part of a voltage divider network that also includes resistor R369. One end of the resistor string is connected to the +8 volt supply and the other end is connected to the -8 volt supply.
There is normally a voltage on the switch buss until it is grounded by the front panel switch or by the footswitch.
The audio noise is caused by the switching of the transistors Q315 and Q316. One or both are probably switching into the circuit a partially charged coupling cap. Some make more noise than others. I always wondered if using an fet in place of the bipolars there would make them switch quieter.