Inaugurate (verb)

1. To begin or introduce (a person) into an office or position with a formal ceremony.
2. To begin or open (a building, event, or scheme) with a formal ceremony.
3. To induct or install (someone) into an office or position.

Origin:

From the latin word "inaugurare" meaning "to inaugurate" or "to begin with a ceremony".

Examples:

1. The president was inaugurated on January 20th.
2. The new school was inaugurated by the mayor.
3. The new museum was inaugurated with a grand opening ceremony.
4. The new bridge was inaugurated by the governor.
5. The new president was inaugurated in a ceremony attended by dignitaries from around the world.