"commemorates" in the verb sense
1. commemorate, mark
celebrate by some ceremony or observation
"The citizens mark the anniversary of the revolution with a march and a parade"
2. commemorate, remember
call to remembrance keep alive the memory of someone or something, as in a ceremony
"We remembered the 50th anniversary of the liberation of Auschwitz"
"Remember the dead of the First World War"
3. commemorate, memorialize, memorialise, immortalize, immortalise
be or provide a memorial to a person or an event
"This sculpture commemorates the victims of the concentration camps"
"We memorialized the Dead"
Source: WordNet® (An amazing lexical database of English)
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