"That whenever any form of government becomes destructive of these ends, it is the right of the people to alter or to abolish it, and to institute new government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to affect their safety and hoppiness." - The Declaration of Independence

Based on its use in the passage, which of the following is the most correct use of the word institute?
"Ill never forget your institute," said a teary-eyed Georgine to her pet turtle.
Ive never been to the Franklin Institute.
Mrs. McGee decided to institute a "no gum in class" policy after Tuesday's incident.
"How dare you institute that I am always late!" shouted Tammy.

Mrs. McGee decided to institute a "no gum in class" policy after Tuesday's incident.