inaugurate

Short definition from Wiktionary

Verb

1. 1
   To induct (someone) into a dignity or office with a formal ceremony.
2. 2
   To dedicate (a building, monument, etc.) for public use by a formal ceremony.
3. 3
   To initiate or usher in (something, as a (significant) course of action, development, organization, or period of time) with a formal ceremony or in a ceremonious manner; also (loosely), to begin or commence (something); to start.
4. 4
   To cause (something) to be auspicious or good-omened; also, to declare or make (something) holy; to consecrate, to sanctify.

Adjective

1. 1
   Inducted into a dignity or office with a formal ceremony or in a ceremonious manner; inaugurated.