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BBM,
Welcome aboard!!
1st: Run, don't walk, to your nearest dealer, bookstore, whatever and get a manual(Haynes, Factory). You'll thank yourself. I'm not saying these are bad bikes, just sounds like yours has been neglected and is in need of lots of TLC.
2nd: Pull the carbs, take 'em apart, clean 'em, inspect 'em(especially the float seals, you have one or more stuck open-hence the fuel on your foot). set the float height, re-assemble, re-install, clean/replace air filter, syncronize.
3rd: There is no "off" position on the fuel tap. Sounds like the black knob is broken and is just spinning on the fuel tap shaft. Buy a new knob and fill the voids on the back side with epoxy to prevent it from breaking again. While you have the knob off, try turning the valve with a pair of pliers to ensure it turns ok. If not, fuel tap may need replacing.
4th: Inspect/replace all fuel lines and the vacuum line that goes from the carb to the back of the fuel tap.
I could go on and on, but I think you get the gist of it.
Happy Wrenching, and Happy Trails!!
Erv
Deep in the Heart of Texas!!
__________________
"Life is tough, but it's tougher when your STUPID!" John Wayne
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