Neither. Each proposal pays out to the wallet address embedded within that proposal.
This is excellent.
Indeed. So does this coin work like DASH? What is the codebase of this coin and who is able to vote? Everybody or do you have to have a certain number of coins?
The initial governance implementation will be exactly like DASH and it will evolve from there. Only the masternode operators will initially have the right to vote, and I do not expect this to change (however it is always possible that the community chooses otherwise).
Unfortunately our slack inviter is still not back online so if you're still waiting for an invite I apologize but there is nothing we can do for now! We will let everyone know once we have a backup plan in place.

I like the governance implementation in DASH a lot because I think you must always compare it to other projects and how governance is managed in their networks and then DASH is quite good. So ChainCoin will have a good governance model in place right from the start, which is awesome.