The actual answer is that you can combine multiple inputs, but that those inputs are not name-value inputs (like many other MATLAB functions use): for axis you only need the values by themselves:
The reason names are not required is because none of the inputs are ambiguous, what their purposes are. It is worth noting that some other functions also use this method of supplying multiple input arguments, in particular regexp, regexpi, regexprep, where the input arguments are unambiguous in any order. The functions which and load also allow (at least some of) their options to be given in different orders, although this is not documented. There might be other functions...
Nowhere in the axis help does it mention using names, as you are doing.
However the axis help does clearly state that you can use multiple inputs: "You can combine multiple input arguments together, for example, axis image ij. The options are evaluated from left to right. Subsequent options can overwrite properties set by prior ones."