力と名誉 is a pair, not a sentence: no verb, no command, only what a person carries. 力 here is strength of body and of spirit alike, and 名誉 is honor as a good name, the honor a person keeps. Whether it is for your own training or for someone who has earned both is yours.
力と名誉 is composed of the words 力 (read chikara) meaning "strength", the grammatical element と (read to) meaning "and", and the word 名誉 (read meiyo) meaning "honor".
The pairing is older than the film that made it a salute: Strength and honour are her clothing, Proverbs 31:25 in the King James Bible, before Maximus in Gladiator (2000); in Japanese the two nouns stand together from 1898, first in translations of Western texts and by 1912 in Japanese writers' own sentences, though never as a fixed phrase.
We want you to be as happy with the meaning as you are with Master Takase's art. To learn more, visit Philology of 力と名誉.